McDonald’s the world’s largest hamburger chain, expects to return at least $10 billion in cash to shareholders from 2006 through 2008, the company’s chief financial officer said Wednesday.
CFO Matthew Paull, speaking to investors at a conference, also said that McDonald’s still expects to spend $1.8 billion on capital expenditures in 2006. The company plans to spend $1.8 billion to $1.9 billion on capital expenditures in 2007, Paull said.
McDonald’s said last month that third-quarter earnings rose 15%, boosted by an accelerating comeback in its European restaurants and strong sales in the USA.
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