Matthew Paull
Matthew Paull
carefully concept concluded congress create financial ideas investing outside overall pose presented risks separate serious strategic value
In our view, the concept outlined at today's Value Investing Congress would not create significant value for McDonald's shareholders. McDonald's and two separate outside advisors have carefully evaluated the ideas presented and concluded that they would pose serious strategic and financial risks to McDonald's and our overall system,
billion capital continue dividends expect expected growth increase near net next return roughly share since spending unit via
We do not expect any significant increase in capital spending for new restaurants since net new unit growth is expected to continue at 1% to 2% in the near term. In addition, we expect to return roughly $5 billion to $6 billion to shareholders via dividends and share repurchase over the next two years.
account business exercise financial health jeopardize nor open proposal relationships remain simply unique
The proposal is an exercise in financial engineering and does not take into account McDonald's unique business model. While we remain open to ideas, we simply will not jeopardize the long-term health of our company, nor our relationships with customers, franchisees and suppliers for such a financial engineering exercise.
brands grow impact looking potential
We are looking for brands with the potential to impact our business, and we're looking at things that can grow to at least 1,000 restaurants,
add tremendous value
would not add value to McDonald's and would be a tremendous distraction.
process seeking
The process of restructuring and seeking qualification would be long and arduous,