First Time in Eight Years, McDonald's Will Do This

McDonald's has been shrinking for nearly a decade, yet its widespread presence may blind you.

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Restaurant Business reports that the chain has closed more sites than it has opened for eight years and has the fewest U.S. outlets in 20 years.

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However, America's fast-food favorite can finally increase restaurant volume. McDonald's Corp.

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CFO Kevin Ozan stated in last week's results call that the business plans to establish new U.S. stores for the first time since 2014.

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Ozan expects more than 500 new outlets in the U.S. and other significant international markets in 2022.

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Or Kempczinski said McDonald's plans to open 500 more outlets in 2022, but their locations are unknown.

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The chain is the third-largest behind Subway and Starbucks with little under 13,500 domestic locations. McDonald's is second only to Subway globally

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According to Restaurant Business, the firm closed 239 restaurants last year to increase sales by location rather than customer count. The number of

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unsuccessful restaurants, including those in Walmart stores, dropped from approximately 900 to 150 between 2012 and 2021.

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Some of its locations lack dining rooms, and 1% have limited hours due to understaffing. Increasing drive-thru wait times reflect the labor scarcity.

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