The company is focused on its core menu items, including burgers and chicken, and is expanding its digital presence through mobile ordering and loyalty programs. The company plans to deploy its 'Ready on Arrival' initiative across its top six markets by the end of 2025 and increase its 90-day active loyalty users to 250 million by 2027.

The company plans to open more than 2,100 new restaurants in 2024 and is targeting expansion to 50,000 restaurants by the end of 2027. The majority of new restaurant openings in the U.S. and International Operated Markets will include a drive-thru.

The company offers delivery from over 36,000 restaurants across approximately 100 markets and is continuing to expand its delivery capabilities, including adding the ability to place a delivery order in the mobile app. The company expects to increase the percentage of Systemwide delivery sales originating from its mobile app to 30% by 2027.

The company incurred $146 million of restructuring charges related to 'Accelerating the Organization' in the nine months ended September 30, 2024. The company expects to incur approximately $250 million of restructuring charges in 2024, primarily related to professional services costs.

The company is building a modern company platform that unlocks speed and innovation throughout the organization. This includes investments in digital, innovation, and its Global Business Services organization. The company is also focused on building the easiest and most efficient restaurant operating platform.

The company is primarily a franchisor and believes franchising is paramount to delivering great-tasting food, locally relevant customer experiences and driving profitability. Approximately 95% of McDonald's restaurants are franchised.

The company is exposed to global market risks, including the effect of changes in interest rates and foreign currency fluctuations. The company also notes the negative impact of the war in the Middle East on Systemwide sales and revenue.

The company faces intense competition in the IEO segment and must effectively execute its pricing, promotional, and marketing plans to adapt to changing consumer preferences. The company also notes the importance of managing its real estate portfolio.

The company is increasingly reliant on technology systems and is subject to risks related to security incidents, breaches, and compliance with privacy and data protection laws. The company also notes the risks associated with the use of artificial intelligence.

The company is focused on serving its iconic products and offering everyday low-price options on its menu to remain competitive. The company also plans to implement 'Best Burger' changes to its burgers by the end of 2026.

The company is leveraging digital tools, including mobile ordering, loyalty programs, and delivery to provide a personalized and convenient customer experience. The company is also focused on expanding its drive-thru capabilities.

The company plans to open more than 2,100 new restaurants in 2024 and is targeting expansion to 50,000 restaurants by the end of 2027 to increase its market presence and capture demand.

The company is focused on enabling franchisees to run restaurants more efficiently and utilize the latest cloud-based technology. The company intends to deploy new, universal software that all McDonald's restaurants will run on.

The company continues to evolve its ways of working by driving efficiency and effectiveness across the organization, primarily led by its Global Business Services organization. Transformation efforts under 'Accelerating the Organization' will continue to result in various restructuring charges.

The company depends on the effectiveness of its supply chain management to assure a reliable and sufficient supply of quality products, equipment, and other materials on favorable terms. The company notes that supply chain interruptions and related price increases may adversely affect its results.

The company is investing in digital engagement, mobile ordering and payment systems, and enhancing its drive-thru technologies. The company is also building one of the world's largest consumer platforms to fuel engagement.

The company intends to deploy new, universal software that all McDonald's restaurants will run on, enabling restaurants to roll out innovation even faster, with less complexity and more stability.

The company is incorporating artificial intelligence tools into certain aspects of its business, but notes that these tools may not generate the intended efficiencies and may impact business results.

The company expects 2024 capital expenditures to be between $2.5 and $2.7 billion, more than half of which will be directed towards new restaurant unit expansion across the U.S. and International Operated Markets.

The company repurchased 1.7 million shares of stock for $444 million during the quarter and declared a 6% increase in its quarterly cash dividend to $1.77 per share. The company also has a share repurchase program that authorizes the purchase of up to $15 billion of the company's outstanding common stock.

The company expects to achieve a free cash flow conversion rate in the 90% range, indicating its ability to convert net profits into cash resources.

The company is subject to increasing public focus on environmental and social responsibility matters and is working to manage risks and costs related to climate change, greenhouse gases, and diminishing energy and water resources. The company is also engaging in social impact initiatives and diversity, equity, and inclusion efforts.

The company is facing increased scrutiny related to reporting on and achieving its initiatives, as well as continued public focus on matters such as packaging and waste, animal health and welfare, deforestation and land use.

The company notes that addressing environmental and social impact matters requires Systemwide as well as third-party coordination and alignment, over which it does not have complete control.

The company's Systemwide sales and revenue have continued to be negatively impacted by the war in the Middle East, primarily in the International Developmental Licensed Markets & Corporate segment.

The impact of foreign currency translation on consolidated operating results for the quarter primarily reflected the strengthening of the Euro and British Pound. Results for the nine months primarily reflected the weakening of most major currencies against the U.S. Dollar.

The company's results of operations are substantially affected by economic conditions, including inflationary pressures, which can vary significantly by market and can impact consumer disposable income levels and spending habits.