McDonald’s Sets Ambitious Goals to Open 10,000 New Stores Worldwide by 2027

McDonald’s is on a roll, with same-store sales up 8.1% and revenue of $6.69 billion reported for the third quarter. The fast-food giant is looking to capitalize on this success by expanding its restaurant footprint, with plans to open 10,000 new stores worldwide by 2027.

The company announced its ambitious goals ahead of its investor day on Wednesday, aiming to reassure shareholders that its Big Macs and McNuggets are still in high demand. McDonald’s plans to open more than 8,800 locations and add 100 million members to its loyalty program by 2027.

McDonald’s is also looking to keep customers coming back by introducing an improved version of its burger and doubling down on chicken. The company is also investing in technology to make ordering and delivery easier, as well as offering more value meals and discounts.

The fast-food giant’s expansion plans come at a time when inflation has sent prices at fast food restaurants skyrocketing and prices at limited-service restaurants up 6.2% over the past year. Despite this, McDonald’s has managed to remain competitive and successful, and is now looking to capitalize on its success by expanding its restaurant footprint.