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CLAIM #39173 · McDonald’s Corporation (MCD) · 2024Q4 earnings call · Feb 10, 2025 · due Dec 31, 2027

we're kind of in our peak investment years 2025, 2026, and into frankly part of 2027.

Ian Borden · CFO

PENDING
graded after results covering Dec 31, 2027 are reported

How to check this claim

Look at: Capital expenditures / investment spending related to the transformation program, as disclosed by the company, fiscal years 2025-2027

It came true if: Annual investment spending in 2025 and 2026 remains at or above 2025 levels, with a decline evident by full-year 2027 results

Where: Company-disclosed capital expenditure and technology investment commentary (10-K / annual report / earnings calls)

In context

ly online in 2026 and then I think probably steady state in 2027. And it's the new capabilities paired with, I think, a much more efficient operating platform where you're going to start to see the benefits of that. So we're very much on track. We're pleased with all the work there, as you I'm sure know from other organizations that you cover. Setting these things up is a herculean effort, and there's a lot of people involved in getting this done. But I'm pleased with where we're at. We're very much on track, but I don't expect to see in 2025 that you're going to be getting any material benefits out of this, which is very consistent with how we've built the whole business case on this. Ian Borden: Yeah, John, just maybe a couple of points of texture. You know, I think as Chris touched on, we're kind of in our peak investment years 2025, 2026, and into frankly part of 2027. As you've heard me talk about before, we've kind of got four key work streams. We've got finance, people, indirect sourcing, and then what we call data and analytics. We're pleased with the progress. But as Chris said, you know, these things take time and effort. We certainly believe when we get past these kind of more significant investment years, we'll see substantive kind of efficiencies being driven. And I think maybe just to give you a bit of a kind of a textural example, you know, we put kind of the first deployment of our people system in place in kind of 2024. And it just goes to kind of the ways of working, which if you remember, that was really about what accelerating the organization was about. It was about moving us from vertical to kind of horizontal ways of working across th

Verify independently

SEC filings for MCD · Claim quote is verbatim from the 2024Q4 earnings call.