McDonald’s Corporation (NYSE:MCD) Q4 2022 Earnings Call Transcript

I think that’s certainly — and with the demand and volume that we’ve created, has created some challenges just in managing the capacity and the volume of customers we’re dealing with in some of our restaurants across our owned markets. And so some of that reinvestment CAPEX is just going to us kind of working through these new ordering channels like delivery and digital and just enabling our restaurants to be better set up to deal with the volume of business that they’re handling and to make sure that they can continue to grow volume by having more capacity available as we go forward. And so some of that capital is going there. I think on the 90%, I think you should feel good that that’s something that we feel will be in place going forward, as we’ve talked about in 93 in terms of converting our net income to free cash flow.

Mike Cieplak: Thank you, Chris. Thanks, Ian. Thanks everyone for joining. Have a great day.

Operator: This concludes McDonald’s Corporation investor call. You may now disconnect. Have a great day.