Mcdonalds looks overseas to fill w더킹카지노a jobs, says it needs to invest in its own restaurants, says ‘new’ concept
NEW YORK (CNNMoney) — McDonald’s (MCD, Fortune 500) wants to invest millions of dollars in restaurants and create new ones in the U.S.
While the fast-food chain has invested in restaurants overseas to help fill restaurant positions with workers, Chief Operating Officer of Corporate & Community Development Brian McCool said the company hasn’t done so here yet and expects to invest in expanding its own restaurants in the U.S.
McDonald’s first opened locations in China in 2005. In 2012, China surpassed Thailand as the world’s largest foreign market for McDonald’s, with $1.9 billion in annual revenue, according to the National Restaurant Association.
Theapronx company also owns over 4,000 restaurants in Asia, with plans to double that number by 2015.
To do that, McDonald’s plans to open more than 1,600 new U.S. locations over the next couple years. McCool said new locations have to be in markets where the company’s supply chain is already in place to grow and maintain its profit margin.
The fast-food chain had just $9.8 million in revenue and a net loss for the fourth quarter of 2013, according to a Bloomberg report.
However, a report earlier in the year by Cowen & Co. said McDonald’s could reach $14.4 billion in sales in 2013, which would be the second-highest total of all time and a record after the $14.3 billion Starbucks Corp. beat on its last day of earnings call last month.
McDonald’s, which opened its first international restaurant in China in 2005, is also considering opening several in the next few years, McCool said.
The company has invested in the process to grow its U.S. restaurant footprint with over $350 million in investment. Some of that came from new franchises.
McDonald’s’s expects to continue working with existing and proposed internatio예스카지노nal development partners and suppliers in China as it does with any local partners that may be interested in investing in U.S. expansion, said the company’s McCool.