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McDonald's Remodels to Take Several Years Longer Than Promised

  • Expensive renovation plans may have faced franchisee pushback
  • Owners who take two extra years to remodel will get less cash

McDonald’s Corp. is slowing the pace of domestic restaurant remodels that Chief Executive Officer Steve Easterbrook has championed since he took the helm in 2015.

The world’s biggest restaurant chain, which had originally planned to update most of its free-standing U.S. locations by 2020, is now giving its franchises until the end of 2022 to do renovations that include additions like self-order kiosks, new systems for more delivery orders and even extra drive-thru lanes at some locations.