"McDonald's is perfect positioned to capitalize on thisopportunity," said Jim Skinner, CEO. The company will spend about$1.9 billion in capital expenditures, including $700 million onopening new units.
The company will expand its drive-thrus, expanding in Europe andopening 50 new units in China. The company also will continue itsplan to boost its licensed units, with a goal of owning less than30% of its restaurants in markets where laws are conducivefranchising, added Matthew H. Paull, senior executive VP andCFO.
For the fourth quarter, the company reported sales of $5.6billion, up 11% (7% in constant currencies) compared with theprevious year. Net income was $1.2 billion. Comparable-unit salesrose 6.3%.
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