The massively popular international fast food chain is going through yet another massive expansion. This year the company is reportedly primed to open another 1,900 brand new locations.
Over 400 of them will be in the United States, or other Western nations such as Canada, the United Kingdom, France, Germany, Australia, and more. The other 1,500 or so will be in developmental licensee and affiliate markets, including 900 in China.
Yahoo! Finance says that the franchise is poised to spend $2.2 billion to $2.4 billion on capital expenditures, “half of which will be dedicated to new net openings,” Ian Borden, CFO and EVP, said during a call with investors after the company’s Q4 earnings report was released.
Overall, we anticipate over 4% unit growth from about 1,500 net restaurant additions in 2023. We expect this will contribute, along with restaurants opened in 2022, nearly 1.5% to systemwide sales growth.
He said
Yahoo notes that this expansion marks the largest in the U.S. since 2014. However, BTIG Managing Director Peter Saleh believes that these U.S. store openings will be a ‘very small portion’ of the new locations.
The growth in the U.S. is still going to be rather nominal. At best, I think they’re going to open about 100 stores, [then, those] that are closed, maybe another 80 get to about a net number of about 20.
From our conversations with franchisees, they’ve been telling us, ‘Yes … We need more stores, because the volumes in the stores that we have, has grown so much that we need to offset it with with additional units.’
Saleh said, adding that the chain’s growth strategy is welcome news to U.S. franchisee owners, who make up approximately 95% of McDonald’s total portfolio.
Yahoo added that ‘in Q4 2022, U.S. same-store sales were up 10.3%, compared to 7.5% in the same quarter of 2021.’
With global sales up over 12%, CEO Chris Kempczinski believes now is the right time to to vastly expand some more.
“We have to walk and chew gum” when it comes to unit growth and comparable sales growth, Kempczinski said on the call. “It’s not one or the other; it’s the two of them in combination…[when] you want to be growing units is when you got strong comparable sales, because that reflects the underlying health of the business.”
I am always very leery when I see some someone out there putting a strong unit growth number without those strong comparable sales because that’s historically not been a good recipe in our industry.
McDonald’s growth is part of a much larger goal of theirs called the Accelerating the Arches strategic plan – with one of the tenets to “double down” on “restaurant development.”
In December McDonald’s opened a fully-autonomous location, with a robot handling the orders at the window and inside the building.
AUTHOR COMMENTARY
[20] Be not among winebibbers; among riotous eaters of flesh: [21] For the drunkard and the glutton shall come to poverty: and drowsiness shall clothe a man with rags.
Proverbs 23:20-21
What a sign of the times. The American consumer is beyond broke, in massive debt that will never get repaid, and are all but nearly tapped-out yet; yet one of the largest chains is having yet another one of their largest expansions they have had in a while.
But this is what happens when you lockdown an economy, shutdown small businesses and restaurants, but specifically leave McDonalds open. I distinctly remember Trump talking about this during his daily briefings in March of 2020, how everything was going to be basically shutdown but shacks like McDonalds could stay open. And, surprise surprise, McDonald’s sales grew, as did American’s waistlines.
[7] Who goeth a warfare any time at his own charges? who planteth a vineyard, and eateth not of the fruit thereof? or who feedeth a flock, and eateth not of the milk of the flock? [8] Say I these things as a man? or saith not the law the same also? [9] For it is written in the law of Moses, Thou shalt not muzzle the mouth of the ox that treadeth out the corn. Doth God take care for oxen? [10] Or saith he it altogether for our sakes? For our sakes, no doubt, this is written: that he that ploweth should plow in hope; and that he that thresheth in hope should be partaker of his hope. (1 Corinthians 9:7-10).
The WinePress needs your support! If God has laid it on your heart to want to contribute, please prayerfully consider donating to this ministry. If you cannot gift a monetary donation, then please donate your fervent prayers to keep this ministry going! Thank you and may God bless you.
A formidable share, I simply given this onto a colleague who was doing a bit evaluation on this. And he in reality purchased me breakfast as a result of I found it for him.. smile. So let me reword that: Thnx for the treat! But yeah Thnkx for spending the time to debate this, I feel strongly about it and love reading more on this topic. If attainable, as you change into expertise, would you thoughts updating your blog with extra details? It’s highly useful for me. Large thumb up for this weblog publish!
very good publish, i actually love this web site, keep on it
Once I originally commented I clicked the -Notify me when new feedback are added- checkbox and now every time a remark is added I get four emails with the same comment. Is there any means you’ll be able to take away me from that service? Thanks!
I like what you guys are up too. Such clever work and reporting! Keep up the superb works guys I’ve incorporated you guys to my blogroll. I think it’ll improve the value of my web site 🙂
You made some good points there. I looked on the internet for the topic and found most guys will approve with your blog.
Good write-up, I’m regular visitor of one’s website, maintain up the excellent operate, and It is going to be a regular visitor for a long time.
Thanks for helping out, wonderful information. “I have witnessed the softening of the hardest of hearts by a simple smile.” by Goldie Hawn.
I consider something genuinely interesting about your weblog so I saved to bookmarks.
Hello my family member! I want to say that this post is awesome, nice written and include approximately all important infos. I would like to peer extra posts like this .
I like this blog very much, Its a very nice place to read and find info . “Misogynist A man who hates women as much as women hate one another.” by H.L. Mencken.
Do you have a spam issue on this blog; I also am a blogger, and I was wanting to know your situation; we have developed some nice procedures and we are looking to exchange techniques with other folks, why not shoot me an email if interested.
I very lucky to find this internet site on bing, just what I was looking for : D as well saved to bookmarks.
Thank you for sharing with us, I conceive this website genuinely stands out :D.
What’s Happening i’m new to this, I stumbled upon this I’ve found It absolutely helpful and it has aided me out loads. I hope to give a contribution & help different users like its aided me. Great job.
Some genuinely interesting points you have written.Assisted me a lot, just what I was searching for :D.
I loved up to you will receive carried out right here. The caricature is tasteful, your authored material stylish. nevertheless, you command get bought an shakiness over that you would like be delivering the following. ill no doubt come further previously once more since exactly the similar nearly a lot continuously within case you shield this hike.
It’s really a great and useful piece of info. I am glad that you shared this helpful information with us. Please keep us informed like this. Thanks for sharing.
Merely wanna input that you have a very nice website , I love the design it really stands out.
Enjoyed examining this, very good stuff, thankyou. “It requires more courage to suffer than to die.” by Napoleon Bonaparte.
Thank you for the good writeup. It in fact was a amusement account it. Look advanced to more added agreeable from you! By the way, how could we communicate?
Hello! I just wanted to ask if you ever have any problems with hackers? My last blog (wordpress) was hacked and I ended up losing many months of hard work due to no back up. Do you have any solutions to protect against hackers?
순천출장마사지 타임케어 – 순천출장홈타이와 순천출장안마 순천홈타이 서비스를 전국 어디서나 24시간 편하게! 전문 마사지사의 맞춤 홈케어로 피로를 빠르게 해소
As soon as I detected this site I went on reddit to share some of the love with them.
경기도 안양출장마사지 셀럽의 코스와 가격, 자택·호텔 방문 상담, 선입금 없는 예약 및 현장 결제 기준을 확인하세요. 방문 가능 여부와 예상 도착 시간은 주소와 당일 일정에 따라 안내합니다.
강릉출장안마로 장거리 출장이나 여행의 피로를 풀어보세요. 강릉 전 지역 어디든 찾아가는 전문 아로마 마사지·스포츠 마사지 서비스를 제공합니다. 비즈니스 출장객, 관광객, 강릉 지역 주민 모두 편리하게 이용할 수 있는 강릉출장안마 서비스입니다. 지금 문의하세요.
I like this blog very much, Its a really nice place to read and find info .
It’s really a cool and helpful piece of information. I am glad that you simply shared this useful info with us. Please keep us informed like this. Thank you for sharing.
Real wonderful information can be found on site.
Only a smiling visitant here to share the love (:, btw outstanding layout. “Treat the other man’s faith gently it is all he has to believe with.” by Athenus.
I really like your writing style, excellent information, thank you for posting :D. “I will show you fear in a handful of dust.” by T. S. Eliot.
I have fun with, lead to I discovered just what I was taking a look for. You have ended my 4 day long hunt! God Bless you man. Have a nice day. Bye
I just could not depart your web site prior to suggesting that I actually enjoyed the standard info a person provide for your visitors? Is gonna be back often to check up on new posts
Hello very cool site!! Guy .. Excellent .. Amazing .. I will bookmark your site and take the feeds additionally…I’m glad to find numerous useful information here in the submit, we need work out more techniques in this regard, thanks for sharing. . . . . .
Today, I went to the beach with my kids. I found a sea shell and gave it to my 4 year old daughter and said “You can hear the ocean if you put this to your ear.” She put the shell to her ear and screamed. There was a hermit crab inside and it pinched her ear. She never wants to go back! LoL I know this is entirely off topic but I had to tell someone!
You have noted very interesting points! ps nice site. “We make ourselves a ladder out of our vices if we trample the vices themselves underfoot.” by Saint Augustine.
I like this web blog very much, Its a really nice berth to read and find information.
강남구구단 방문을 준비하고 있다면 가격 구성, 이용 방식, 예약 절차와 위치 확인사항을 살펴보세요. 인원·시간에 따른 상담 항목과 자주 묻는 질문을 한곳에 정리했습니다.
Hello! This post could not be written any better! Reading this post reminds me of my previous room mate! He always kept talking about this. I will forward this post to him. Fairly certain he will have a good read. Thank you for sharing!
Wonderful website you have here but I was curious if you knew of any community forums that cover the same topics discussed in this article? I’d really like to be a part of group where I can get feed-back from other knowledgeable individuals that share the same interest. If you have any suggestions, please let me know. Appreciate it!
Hi, I think your site might be having browser compatibility issues. When I look at your website in Safari, it looks fine but when opening in Internet Explorer, it has some overlapping. I just wanted to give you a quick heads up! Other then that, fantastic blog!
This article will help the internet people for building up new web
site or even a blog from start to end. xnxx
I would like to thank you for publishing such valuable information. I love your website. Many thanks for allowing me to comment on your web page. I hope more informative publications from you in the future.
I do not even understand how I stopped up here, but I believed this publish was once good. I do not know who you’re however certainly you’re going to a famous blogger in the event you are not already 😉 Cheers!
Good day! Would you mind if I share your blog with my zynga group? There’s a lot of people that I think would really enjoy your content. Please let me know. Thank you
hey there and thanks in your information – I have certainly picked up anything new from right here. I did on the other hand experience several technical points the usage of this site, as I experienced to reload the web site lots of times prior to I could get it to load correctly. I had been puzzling over in case your hosting is OK? Not that I’m complaining, however sluggish loading circumstances occasions will very frequently have an effect on your placement in google and could harm your high-quality score if advertising and ***********|advertising|advertising|advertising and *********** with Adwords. Well I am including this RSS to my e-mail and could glance out for a lot more of your respective exciting content. Ensure that you replace this again soon..
The very core of your writing whilst sounding reasonable initially, did not really settle very well with me personally after some time. Somewhere throughout the sentences you actually managed to make me a believer but just for a while. I nevertheless have a problem with your leaps in logic and you would do well to fill in those gaps. In the event that you actually can accomplish that, I could undoubtedly end up being amazed.
Great post. I was checking constantly this blog and I am impressed! Very helpful information particularly the last part 🙂 I care for such info a lot. I was looking for this certain info for a long time. Thank you and good luck.
I believe you have observed some very interesting points, regards for the post.
Wow! This could be one particular of the most useful blogs We have ever arrive across on this subject. Basically Fantastic. I am also an expert in this topic therefore I can understand your hard work.
I have read some good stuff here. Definitely value bookmarking for revisiting. I wonder how so much effort you put to make any such magnificent informative site.