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McDonald's plans 1,000 new stores
Posted: Fri Nov 13, 2009 3:52 am
by Squirt
Think the world has enough McDonald's (MCD) restaurants? Think again. The fast-food giant plans to open 1,000 new stores worldwide next year as part of plan to become an even more dominant force in the industry. The company also plans to remodel 2,300 existing stores, introduce new menu items and employ new technology to improve service.
The efforts are part of the Oak Brook, Ill., company's "Plan to Win" strategy, CEO Jim Skinner told analysts on a conference call Thursday. McDonald's, along with other value-priced retailers such as Wal-Mart Stores (WMT), has weathered the recession well, as value-seeking consumers have ditched higher cost alternatives in search for more bang for the buck. That has helped McDonald's bottom line.
Still, sales have suffered. The company reported earlier this month that October sales rose 3.3%, driven by greater demand in Europe, Asia and Africa. In the U.S., however, sales were flat, suggesting that Americans continue to pinch pennies as unease grows about where the economy is headed. In response, McDonald's said it would begin offering a dollar menu for breakfast items beginning in January.
Speaking to analysts Thursday, Skinner said that while the worst may be behind it, the company is still operating in a difficult environment. "Like most companies, we do better when the economy is strong and consumers are confident," he said.
The company's focus during the last seven years has been "on being better, not bigger," Skinner said, allowing the company to consistently meet targets of average annual sales growth of 3% to 5% and average annual operating profit growth of 6% to 7%.
Skinner said the goals "are realistic and sustainable for a company our size and keep us focused on making the best decisions for the long term."
In addition to freshened stores and new menu items, the company said Thursday it also seeks to improve service, and plans greater use of technology "to make it easier for managers and crew to quickly and accurately serve the customer."
The company's preliminary 2010 outlook is for costs of to remain flat in the U.S. and Europe, it said. In addition, McDonald's said that currency translation is expected to benefit 2010 earnings by 10 cents to 13 cents a share based on current exchange rates. Earnings this year have been affected by currency fluctuations.
Shares of the company were lower at about 1:25 p.m. in New York, down 1.1% to $62.13 a share. McDonald's said it will release November sales results Dec. 8.
The company operates more than 32,000 restaurants in 100 countries. Among the newest are a McDonald's restaurant and McCafé in Paris's Louvre museum, slated to open by year's end. With the addition France will have 1,142 stores nationwide. Sales there have risen 11% this year.
http://www.dailyfinance.com/2009/11/12/ ... ew-stores/Holy rich son of a cow.
Re: McDonald's plans 1,000 new stores
Posted: Fri Nov 13, 2009 3:58 am
by Blurred
yay more fat ppl
Re: McDonald's plans 1,000 new stores
Posted: Fri Nov 13, 2009 4:07 am
by xKingpinx
Omfg...this is gonna triple the obesity rate in america..FFS..
Re: McDonald's plans 1,000 new stores
Posted: Fri Nov 13, 2009 4:10 am
by XxDeeDeeDeexX
xKingpinx wrote:Omfg...this is gonna triple the obesity rate in america..FFS..
Omfg...this is gonna triple the "lawsuits against Mc Donalds for making me fat" rate in America...FFS..
Re: McDonald's plans 1,000 new stores
Posted: Fri Nov 13, 2009 4:30 am
by Ningyotsukai-san
xKingpinx wrote:Omfg...this is gonna triple the obesity rate in america..FFS..
lols ...
can't point blame at 'objects' for consequences in decisions ...
Re: McDonald's plans 1,000 new stores
Posted: Fri Nov 13, 2009 4:32 am
by Locketart
I just threw up.
Re: McDonald's plans 1,000 new stores
Posted: Fri Nov 13, 2009 4:59 am
by Mirosuke
eww
Re: McDonald's plans 1,000 new stores
Posted: Fri Nov 13, 2009 5:02 am
by [Orphen]
XxDeeDeeDeexX wrote:xKingpinx wrote:Omfg...this is gonna triple the obesity rate in america..FFS..
Omfg...this is gonna triple the "lawsuits against Mc Donalds for making me fat" rate in America...FFS..
Considering the statute on this has already been made that a company cannot be blamed for the decisions of its customers? Nah, they won't.
And to be perfectly honest, I doubt obesity will increase, most people that are overweight will continue to be so, and any others that become fat after would probably have gone down that path regardless of these 1,000 new restaurants.
Re: McDonald's plans 1,000 new stores
Posted: Fri Nov 13, 2009 8:57 am
by heroo
you can't blame Mc for obesity. it's your decission to eat, no one is forcing you. there are a million other restaurants where you can eat healthy food for a reasonable price. and i think everyone in Europe and the U.S. knows that fastfood isn't healthy for you.
Re: McDonald's plans 1,000 new stores
Posted: Fri Nov 13, 2009 9:19 am
by Zypher
victory
Re: McDonald's plans 1,000 new stores
Posted: Fri Nov 13, 2009 10:36 am
by only_me
xKingpinx wrote:Omfg...this is gonna triple the obesity rate in america..FFS..
most of the american are fat ass becose they dont make exercises ...
Re: McDonald's plans 1,000 new stores
Posted: Fri Nov 13, 2009 11:02 am
by Sharp324
only_me wrote:xKingpinx wrote:Omfg...this is gonna triple the obesity rate in america..FFS..
most of the american are fat ass becose they dont make exercises ...
yeah thats the reason, cause god knows no other country has overweight people. Farking dumbasses.
Re: McDonald's plans 1,000 new stores
Posted: Fri Nov 13, 2009 11:14 am
by Ownage
Sharp324 wrote:only_me wrote:xKingpinx wrote:Omfg...this is gonna triple the obesity rate in america..FFS..
most of the american are fat ass becose they dont make exercises ...
yeah thats the reason, cause god knows no other country has overweight people. Farking dumbasses.
Yes but its just that we, America, have the most.
Re: McDonald's plans 1,000 new stores
Posted: Fri Nov 13, 2009 11:29 am
by _Scarlett_
Who the hell wants 1k more McDonalds '~,o, their fries aren't even that good anymore...
Re: McDonald's plans 1,000 new stores
Posted: Fri Nov 13, 2009 11:39 am
by John_Doe
Re: McDonald's plans 1,000 new stores
Posted: Fri Nov 13, 2009 11:50 am
by Mindy
Haven't eaten in Mcdonalds for years and don't intend to eat there again.
They don't even make good food.
Re: McDonald's plans 1,000 new stores
Posted: Fri Nov 13, 2009 12:40 pm
by SidiousX
i sometimes eat mcdonalds.. like once a month or even less.. cant blame a company for fat people. blame the people themselves.
if we did blame company's, we cud blame a lot of cigarette factoy's for lung cancer...lol
Re: McDonald's plans 1,000 new stores
Posted: Fri Nov 13, 2009 1:16 pm
by Toasty
Good for them, dont blame them.
I dont even dislike mcdonalds. The food tastes alright, is cheap, and is quick. Saying that.. i dont go there often, once every 2 months or so. But they can be really useful at times.
Re: McDonald's plans 1,000 new stores
Posted: Fri Nov 13, 2009 5:20 pm
by Fuzzy
We never died so tasty.
Re: McDonald's plans 1,000 new stores
Posted: Fri Nov 13, 2009 5:33 pm
by Blurred
SidiousX wrote:i sometimes eat mcdonalds.. like once a month or even less.. cant blame a company for fat people. blame the people themselves.
if we did blame company's, we cud blame a lot of cigarette factoy's for lung cancer...lol
Well cigarette Factory's are something completely different from food. If they the company don't make cigarettes, nobody that smokes cigarettes will smoke it. Therefore, nobody will obtain lung cancer from these cigarettes. Cigarettes are something we do not need in our society at all. Seriously we don't! McDonald's on the other hand is a food source. Although it's ridiculously high with calories.. it's still a valid food source.
Re: McDonald's plans 1,000 new stores
Posted: Fri Nov 13, 2009 5:59 pm
by *BlackFox
Ugh, We don't need Moar Mcdonalds store.. seriously!
Re: McDonald's plans 1,000 new stores
Posted: Fri Nov 13, 2009 6:44 pm
by TheDrop
been quite a long time since i last ate at McDonald's, can't blame them for obesity, its the customers decision eat at fast food.
Anyways...
Re: McDonald's plans 1,000 new stores
Posted: Fri Nov 13, 2009 8:12 pm
by Blinxx
atleast they're remodelling? :S some usefulness for all those money i guess ">.>
Re: McDonald's plans 1,000 new stores
Posted: Fri Nov 13, 2009 9:06 pm
by Miguez
With or without McDonald's, people with bad eating habits would still be fat.
Re: McDonald's plans 1,000 new stores
Posted: Fri Nov 13, 2009 9:51 pm
by .Banshee
Subway ftw
Re: McDonald's plans 1,000 new stores
Posted: Sat Nov 14, 2009 12:00 am
by Reise
lol @ European locations.
CAPITALISM!
Re: McDonald's plans 1,000 new stores
Posted: Sat Nov 14, 2009 12:54 am
by CrimsonNuker
I just had Taco Bell for the first time today.
Re: McDonald's plans 1,000 new stores
Posted: Sat Nov 14, 2009 1:28 am
by Blurred
CrimsonNuker wrote:I just had Taco Bell for the first time today.
Taco bell is really good, and cheap.. 89 cent burritos.
Re: McDonald's plans 1,000 new stores
Posted: Sat Nov 14, 2009 2:47 am
by TheDrop
Blurred wrote:CrimsonNuker wrote:I just had Taco Bell for the first time today.
Taco bell is really good, and cheap.. 89 cent burritos.
chipotle > taco bell
Re: McDonald's plans 1,000 new stores
Posted: Sat Nov 14, 2009 5:34 am
by xKingpinx
Sharp324 wrote:only_me wrote:xKingpinx wrote:Omfg...this is gonna triple the obesity rate in america..FFS..
most of the american are fat ass becose they dont make exercises ...
yeah thats the reason, cause god knows no other country has overweight people. Farking dumbasses.
Im from the US dumbass....But I don't see the point in denying the truth..most people here are fat.
