Current:Home > NewsMcDonald's plans to add about 10,000 new stores worldwide by 2027; increase use of AI-Angel Dreamer Wealth Society D1 Reviews & Insights
McDonald's plans to add about 10,000 new stores worldwide by 2027; increase use of AI
View Date:2024-12-24 00:13:12
McDonald's plans to open about 10,000 new stores worldwide by 2027 in what it anticipates will be the "fastest period of growth" in its 60-year history, the company said in a news statement on Wednesday.
While inflation has sent prices at fast food restaurants skyrocketing and prices at limited-service restaurants up 6.2% over the past year, McDonald's has not felt the pinch: Same-store sales are up 8.1% and the company reported $6.69 billion in revenue for the third quarter. This increased demand has pushed the company to "accelerate the pace of restaurant openings," from 40,000 McDonald's in over 100 countries to 50,000 stores.
In an email to CBS News, a McDonald's spokesperson confirmed it targets opening 900 restaurants in the U.S. and the rest internationally. Coupled with the openings, the company said McDonald's will double down on its loyalty program with goals to increase from 150 million users to 250 million by 2027.
McDonald's is also planning to use artificial intelligence and cloud technology to enhance its restaurant operations. The company announced it will work with Google Cloud on automation innovation to lead to "hotter, fresher food." Sundar Pichai, CEO of Google and Alphabet, said they are "excited to see how McDonald's will use our generative AI, cloud, and edge computing tools."
McDonald's has experimented with using AI to streamline its operations for years. In 2019, the company purchased Israeli technology company Dynamic Yield for $300 million to change digital menu boards based on customer preferences.
Last December, McDonald's opened its first automated test restaurant in Texas to find "new ways to serve [customers] faster and easier than ever before." Humans are hardly involved; customers can order through the mobile app or kiosk and an automatic conveyor brings the food to customers. Amid a labor shortage, experts are predicting a shift towards automation, particularly in low-wage positions in the fast-food and service industries.
Beginning in 2024, McDonald's said the company will roll out new software, aided by AI, for all customers and restaurants.
Reporting contributed by Aimee Picchi and Kate Gibson
- In:
- McDonald's
- AI
Cara Tabachnick is a news editor and journalist at CBSNews.com. Cara began her career on the crime beat at Newsday. She has written for Marie Claire, The Washington Post, and The Wall Street Journal. She reports on justice and human rights issues. Contact her at [email protected]
veryGood! (36978)
Related
- Sean Diddy Combs' Lawyers File New Motion for Bail, Claiming Evidence Depicts a Consensual Relationship
- A man suspected of shooting a Tennessee Highway Patrol trooper is arrested in Kentucky
- This state was named the best place to retire in the U.S.
- Blake Lively Jokes She Wasn't Invited to Madonna's House With Ryan Reynolds
- Horoscopes Today, November 10, 2024
- Plane crash kills two near EAA Airventure Oshkosh 2024 on first day
- Missouri judge overturns the murder conviction of a man imprisoned for more than 30 years
- Children of Gaza
- NBC's hospital sitcom 'St. Denis Medical' might heal you with laughter: Review
- Dubai Princess Shares Photo With 2-Month-Old Daughter After Shocking Divorce
Ranking
- Get $103 Worth of Tatcha Skincare for $43.98 + 70% Off Flash Deals on Elemis, Josie Maran & More
- Coca-Cola raises full-year sales guidance after stronger-than-expected second quarter
- To Help Stop Malaria’s Spread, CDC Researchers Create a Test to Find a Mosquito That Is Flourishing Thanks to Climate Change
- Blake Lively Quips She’d Be an “A--hole” If She Did This
- Tech consultant testifies that ‘bad joke’ led to deadly clash with Cash App founder Bob Lee
- Get your hands on Deadpool's 'buns of steel' with new Xbox controller featuring 'cheeky' grip
- US opens investigation into Delta after global tech meltdown leads to massive cancellations
- To Help Stop Malaria’s Spread, CDC Researchers Create a Test to Find a Mosquito That Is Flourishing Thanks to Climate Change
Recommendation
-
Inside Dream Kardashian's Sporty 8th Birthday Party
-
LeBron James named Team USA's male flagbearer for Paris Olympics opening ceremony
-
Plane crash kills two near EAA Airventure Oshkosh 2024 on first day
-
Billion-dollar Mitsubishi chemical plant economically questionable, energy group says
-
Cruel Intentions' Brooke Lena Johnson Teases the Biggest Differences Between the Show and the 1999 Film
-
Hailee Steinfeld and Josh Allen's Relationship Hard Launch Is a Total Touchdown
-
Video shows aftermath from train derailing, crashing into New York garage
-
FBI says man, woman may be linked to six human-caused wildfires in southern New Mexico