McDonald’s plans to add 10,000 new stores by 2027, double loyalty program sales

McDonald's is planning to open about 10,000 restaurants globally by 2027 and more than double revenue from its loyalty program, the company said on Wednesday, as it invests heavily to automate processes and speed up service at its stores. The expansion plans it laid out would take its restaurant count to about 50,000 in over 100 countries and mark the fastest period of growth in the company's history, McDonald's said ahead of its investor day. The company also said that it planned to increase the user base of its loyalty program to 250 million customers by 2027, putting it on track to deliver $45 billion in annual sales.