McDonald’s Corp (MCD-N 97.76 0.84 0.87%) on Thursday said it plans to spend $2.9 billion US to $3 billion next year to open 1,500 to 1,600 new restaurants and remodel about 1,000 others.

As we all known, McDonald is the biggest hamburger chain in the world. Although they have had a large market share,  they want to be more profitable. So they want to increase their overall commodity cost to make their food better.And they also want to invest more on employees and employers to make sure their services.

I think it is worth to invest money to improve themselves,so that they can be competitive and keep themselves being ahead of the hamburger industry.

Although they spend a lot of money, they can earn large amount of money from their sponsorship. So 3 billions doesn’t seem like a huge amount for McDonald’s corp.

source:http://www.bnn.ca/News/2013/11/14/McDonalds-to-spend-up-to-3B-on-new-restaurants-remodelling.aspx