McDonald's planning significant boost in tech spending
Chicago
MCDONALD'S Corp, which replaced its CEO last year with the hope of turning around sales, plans to significantly increase its investment in digital endeavours, including self-serve kiosks and a mobile-ordering application.
The investment marks a "very significant acceleration" from current levels, Jim Sappington, executive vice-president of operations and technology systems, said. He declined to give specific numbers, but said the spending will continue during the next two years and will be booked as capital expenditures and general and administrative costs.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
Sheng Siong Q1 net profit up 9.3% on higher revenue
Nestle sales growth sputters on US slump, vitamin snags
Hermes Q1 sales jump 17% on strong China demand
Cordlife’s independent auditor to retire after issuing disclaimer of opinion on FY2023 financials
Cutting the cord?: Events leading up to Cordlife’s MOH suspension and arrests of its directors, ex-group CEO
Cordlife customers push for legal action