![]() We think we’ve got a lot of runway ahead of us in China. If you assume China’s GDP is going to be growing at mid-single-digits, household income is going to follow that, which means we should see good growth over time. In addition, sales per restaurant in general tend to be closely correlated to household incomes. There’s no reason why China couldn’t be our largest market, with 20,000 or 25,000 restaurants. We expect that will be 10,000 restaurants by 2028. Part of what we’re going to do is make sure we’ve got a suitable presence where the population has migrated to. Our portfolio was overweighted to the Northeast and the Midwest, places that were actually losing population. Places like the Southeast, the Southwest, Texas-we weren’t growing in those markets. that has the most restaurants per 100,000 people today is Chicago. looked like from a demographic standpoint probably 25 years ago. I get asked, “Do you even need more restaurants in the U.S.?” Our U.S. Our previous record was seven years.īasically everywhere. We intend to add 10,000 in four years, which is the fastest we’ve ever added 10,000 units. We now have fully modernized global restaurant estate, and we’ve got the capacity to go and drive new units. A lot of our capital was going into that. Over the past few years we’ve spent a lot of time remodeling and refurbishing our restaurant estate around the world. You have about 40,000 restaurants globally, and you’re announcing you intend to have 50,000 by the end of 2027. They’ll look at their phone, and it’ll say, “You need to open up the second side on the production table and add two people, and you might also want to open up the second lane in the drive-thru because your drive-thru is a bottleneck.” That comes directly from AI as well. In the not-too-distant future, all of that will be enabled by a copilot that will tell them exactly what they need to do. When a general manager comes into the restaurant, they’re asking, how do I sell more stuff? There’s a lot of different levers, and general managers try to figure it out for themselves. We become smarter in our ability to figure out what offer they may be getting.ĪI will also allow us to run our kitchens more efficiently. For example, when someone pulls up in the drive-thru, we could show them a menu board that’s bespoke to them. That all goes toward getting much smarter about how we meet customers and make sure we’re meeting their needs. We have 150 million people in our digital ecosystem, and we’re capturing 65 to 70 million transactions a day.
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