McDonald’s aims to open roughly 10,000 outlets over the next four years, an unprecedented expansion rate even for the world’s largest burger business.

In an investor report on Wednesday, the Chicago burger behemoth expects to have 50,000 outlets open globally by the end of 2027. McDonalds had 40,275 locations at the beginning of this year.

It intends to open 900 new stores in the United States and 1,900 in some of its more important international markets, including Canada, Germany, the United Kingdom, and Australia. The company intends to have an additional 7,000 outlets in other international markets, with more than half of those in China.

Manu Steijaert, McDonald’s chief customer officer, stated that it took the corporation 33 years to open its first 10,000 outlets and 18 years to develop from 30,000 to 40,000. However, the corporation feels its footprint needs to be improved to meet demand, particularly in faster-growing parts of the United States.

McDonald’s Burger Empire Set For Unprecedented Growth Over The Next 4 Years With 10,000 New Stores

The company also stated that the increasing development of delivery demand necessitates bringing restaurant locations closer to clients to provide speedier delivery times. In 2017, McDonald’s delivery generated $1 billion in global sales, which has since increased to more than $16 billion.

“No matter how the customer chooses to order, out ability to serve them relies on our locations,” he stated.

McDonald’s stock was unchanged on Wednesday.

The company also announced a relationship with Google Cloud on Wednesday, claiming that it will help expedite automated services and minimize complexity for its staff.

McDonald’s Burger Empire Set For Unprecedented Growth Over The Next 4 Years With 10,000 New Stores

McDonald’s same-store sales increased over 9% globally in the third quarter despite a modest drop in traffic in the United States.

The corporation is focused on basic menu items such as Quarter Pounders and fries, which account for 65% of systemwide sales, according to McDonalds.

Burgers with softer, freshly toasted buns, meltier cheese, and more Big Mac sauce will be available in the United States by the end of 2024 and in most other markets by the end of 2025. McDonald’s claims that chicken sales are now on a level with beef and that the McCrispy sandwich will be available in nearly all worldwide markets by 2025.

McDonalds Burger Empire Set For Unprecedented Growth Over The Next 4 Years With 10,000 New Stores

McDonalds is a global fast food restaurant chain known for its hamburgers, cheeseburgers, and french fries. The company was founded in 1940 and has since grown to become one of the largest and most recognizable fast food brands in the world.

With a widespread presence in over 100 countries, McDonalds offers a diverse menu that includes items such as chicken sandwiches, salads, and breakfast options.

he company is also known for its iconic golden arches logo and its commitment to providing quick and convenient service to its customers.

SOURCE – (AP)

An Ohio woman who was convicted of assault after tossing a burrito bowl at a Chipotle employee was offered an unusual method to shorten her sentence.

Rosemary Hayne, 39, has been ordered by a judge to work in a fast-food restaurant for two months.

In a viral video, Hayne can be seen yelling at a Chipotle employee before throwing her meal in his face.

She was first sentenced to pay a fine and serve 180 days in jail, with 90 days suspended.

But then the judge had another thought.

“You didn’t get your burrito bowl the way you like it, and this is how you respond?” Judge Timothy Gilligan in Parma, Ohio sentenced Hayne.

Woman Who Assaulted Chipotle Worker Sentenced To Fast Food Job For Two Months

“This isn’t the ‘Real Housewives of Parma.'” “This is not acceptable behavior,” he declared, according to local Fox affiliate WJW.

Mr Gilligan told Hayne she could avoid 60 days in jail if she agreed to work at least 20 hours per week for two months at a fast-food business.

Hayne agreed.

On September 5, a bystander recorded the incident and posted it to Reddit, where it quickly went viral.

In court, Hayne apologized and attempted to explain why she screamed at the Chipotle employee, Emily Russell, 26.

“If I showed you how my food looked and how my food looked a week later from that same restaurant, it’s disgusting looking,” Hayne said in an interview with WJW.

“I bet you won’t be happy with the food you’ll get in jail,” Mr Gilligan said.

Emily Russell said in court that the incident had traumatized her and that she had since quit her work at Chipotle.

Woman Who Assaulted Chipotle Worker Sentenced To Fast Food Job For Two Months

She told the Washington Post that she was intervening to defend a 17-year-old employee being shouted at by Hayne. She complained that the dish was too hot and burned her face.

“I was so embarrassed and in shock,” she admitted to the publication. “I couldn’t believe my customers had to witness that.”

As of Tuesday morning, a GoFundMe effort for Ms Russell had raised $7,200 (£5,700).

Chipotle is a popular fast-casual restaurant chain known for its Mexican-inspired menu and customizable options.

Woman Who Assaulted Chipotle Worker Sentenced To Fast Food Job For Two Months

The restaurant offers a variety of burritos, bowls, tacos, and salads, allowing customers to choose from different proteins, toppings, and salsas.

Chipotle is also recognized for its commitment to using high-quality, sustainably sourced ingredients. With over 2,800 locations across the United States, Canada, and Europe, Chipotle has established a strong presence in the fast-food industry.

SOURCE – (BBC)

Tesla CEO Elon Musk presided over the company’s long-awaited Cybertruck delivery, which was first shown four years ago. While there was little new information since the original presentation, Tesla’s website was updated with a new price.

The event had the typical Musk flash, with lofty predictions about “the future” and visuals of Cybertrucks traveling across the ice, but it offered very little new information. Even the price on Tesla’s website, which required a $250 deposit to place an order, did not contain standard car-buying experiences, such as selecting options. There was no mention of practicalities like front trunk capacity or anything beyond the company’s current estimate of a 250-mile range.

However, the website did mention that the top-of-the-line model would be known as the “Cyberbeast.”

The Tesla Cybertruck starts at $60,990 before federal tax credits, over $20,000 more than the base model initially proposed at the vehicle’s introduction in 2019. The business originally stated that the Cybertruck would cost less than $40,000, but a pandemic and subsequent severe inflation prompted the corporation to change its mind.

Even then, it would only be “available in 2025,” according to the Tesla website.

If you want one in 2024, expect to pay about $80,000.

By itself, the Cybertruck enters an electric vehicle market packed with vehicles in the same price range. It’s not only pickups but also SUVs. It’s an issue that’s already dampening sales of some electric vehicles, particularly in the luxury market, as automakers struggle to establish their electric production processes.

He also bragged about the Cybertruck’s “sports-car-like” capability, showing a video of it hauling a Porsche 911 on a trailer while racing a Porsche 911 down a drag strip. Honestly, Porsche 911 sports cars aren’t sold on raw acceleration. Of course, neither is a pickup truck, so it’s unclear how big of a selling point that will be.

Tesla’s Cybertruck Hits The Market With A Higher Price Tag And Plenty Of Challenges

However, Tesla’s website only shows that acceleration figure for the Cyberbeast version of the truck, which costs over $100,000. The truck’s 11,000-pound towing capacity also noted in the presentation, is shown exclusively in the $80,000 or $100,000 all-wheel-drive variants.

According to Brian Moody, executive editor of Kelley Blue Book, the truck’s price range may be fine compared to other high-end trucks on the market. The pricing range that Tesla can provide is limited.

“Because Tesla has basically one version of the truck with some minor modifications, they don’t have the advantage of having a very low-price truck as well as a very high and heavy-duty, super-capable truck,” Moody wrote in an e-mail.

According to Wedbush Securities analyst Dan Ives, who is bullish on Tesla, the business has around 2 million bookings for the Cybertruck. He predicted that just 30% to 40% of those reservations would be turned into sales. The larger issue may be the production issues that Musk says the firm is experiencing as it attempts to ramp up vehicle manufacturing, especially with competition from electric pickups from Ford, GM, and Rivian.

“It’s a Herculean task to ramp production, but Tesla has been here before,” he said, referring to prior product launches such as the Model 3 sedan. However, he warned that “it’s a much more complex market for them to navigate.”

The Cybertruck, which resembled a high-end kitchen appliance when it was initially shown in 2019, looked like nothing else on the road, and it still does. The purpose of its strange, angular all-metal appearance was to stand out: Musk sought to make a statement with something that wasn’t just another large truck.

However, the Cybertruck’s qualities, such as power and range, do not stand out. The market has transformed during Tesla’s development and delays over the last four years. Even before the first one rolls into a customer’s driveway, Tesla’s flashy new pickup is significantly more ordinary beneath its gleaming veneer.

Electric motors can give a lot of towing and hauling power, and the truck’s basic size allows for many batteries and a long range. Tesla is one of many automakers to recognize this opportunity.

Even then, it would only be “available in 2025,” according to the Tesla website.

Ford began selling the F-150 Lightning electric pickup truck four years ago, and Rivian R1T pickups have become familiar sights on American roadways. General Motors just began manufacture of the Chevrolet Silverado EV electric truck. Stellantis’ Ram 1500 Rev electric vehicle will also be available in late 2024.

This isn’t the same setting as it was four years ago, and the Cybertruck’s capabilities don’t look as impressive as they did. Many of these other trucks have capabilities that rival, and in some cases even outperform, Tesla’s.

Musk has also frequently stated how tough it is to construct the Cybertruck due to its unconventional design.

The truck is built of unpainted stainless steel, a material not commonly utilized for cars since the durability of the material that Musk has touted makes it difficult to build with and fix. The massive stamping machines commonly employed in auto manufacturing to quickly bend metal into shape struggle with stainless steel.

It also features a unibody construction rather than a separate body and chassis like most large pickups. Unibody structure is common in crossover SUVs and compact, light pickups such as the Ford Maverick. Body-on-frame designs are commonly used for heavy-duty vehicles due to their strength and flexibility for towing huge loads.

“There will be enormous challenges in reaching volume production with the Cybertuck and making the Cybertruck cash flow positive,” Musk remarked recently during an investor call.

Musk has also frequently stated how tough it is to construct the Cybertruck due to its unconventional design.

The Cybertruck’s total size could be an advantage. According to Tesla, the Cybertruck is less than 19 feet long, slightly shorter than conventional full-size trucks. However, Tesla boasts that its cargo bed, at over six feet long, is slightly longer than typical.

However, the Cybertruck may forego front storage in exchange for its small body length. It lacks the extended hood of other pickups, notably electric pickups from Ford and GM. This could imply that the Tesla has less “frunk” – or front trunk – space. Ample functional front room, in particular, has been a major selling factor for the Ford truck.

The wedge shape of the vehicle, where the sides of the cargo bed meet the roof, may also make access to the bed from the sides difficult. Pickup drivers frequently reach over the sides to load and unload objects close to the cab.

The payload capacity of the Cybertruck, or the amount of weight it can carry in its cargo bed, is also slightly higher than competitors currently in production. The Ford F-150 Lightning can tow up to 2,200 pounds. However, the Ram 1500 Rev will be able to haul up to 2,700 pounds, which is more than the Cybertruck.

SOURCE – (BBC)