All articles tagged with #growth plan
KFC plans to create 7,000 jobs across the UK and Ireland by investing nearly £1.5 billion over five years, focusing on new restaurant openings and upgrades to strengthen its market position amid growing competition from brands like Wingstop and Popeyes.
American Eagle unveils a new strategy to boost profitable growth over the next three years, reporting holiday earnings that beat expectations and taking $94 million in impairment charges related to its internal logistics business Quiet Platform. The retailer's reported net income for the fourth fiscal quarter was $6.32 million, with sales rising to $1.68 billion. American Eagle plans to focus on financial discipline and optimizing operations to fuel growth and long-term profit, aiming for mid-to-high teens annual operating income expansion and 3% to 5% annual revenue growth over the next three years. The company also seeks to increase profits by amplifying its brands, boosting Aerie's expansion, and developing the activewear assortment at its Offline banner.
McDonald's has announced plans to expand its global footprint to 50,000 locations by 2027, the fastest pace of growth in its history. The company aims to add 900 new restaurants in the US, 1,900 in international markets where it operates its own restaurants, and 7,000 in international markets where it operates via licensed partners. Over half of the 7,000 additions will be in China, where McDonald's sees significant growth potential. The company is also investing in technology, including a partnership with Google Cloud to test an AI platform in China. McDonald's CEO Chris Kempczinski remains optimistic about China's potential as a key market for the company.
McDonald's is closing its 10 field office facilities as part of a broader restructuring, but the divisions will remain in place and the work done by employees based in those offices will continue. The move largely seems to be a real estate play, as many of the workers based there spend their time in the restaurants. The restructuring is part of McDonald's "Accelerating the Arches 2.0" growth plan, which aims to create new leadership roles, better solve customer problems, push innovation out to the markets, and reduce work to create efficiencies.
McDonald's is expected to lay off hundreds of corporate staff as part of its broader restructuring plan announced in January. The company has not disclosed what initiatives will be stopped or what types of roles were affected by the layoffs. The last of those staffers who will be let go are expected to be notified no later than tomorrow. The fast food giant plans to continue investing in its big hitters, such as chicken sandwiches, and campaigns like its popular celebrity Famous Orders. The company will provide severance and transition services to those it has laid off.