The company plans to open approximately 2,200 restaurants globally in 2025, contributing to slightly over 4% new unit growth (net of closures). This includes about 600 restaurants in the U.S. and International Operated Markets, and about 1,600 openings by developmental licensees and affiliates.

The company expects to incur approximately $300 million of restructuring charges in 2025, primarily related to professional services costs, as part of its 'Accelerating the Organization' initiative. This initiative is designed to unlock further growth by focusing on becoming faster, more innovative and more efficient.

The company plans to increase its 90-day active loyalty users to 250 million by the end of 2027 and grow annual Systemwide sales to loyalty members to $45.0 billion by the end of 2027. They also expect to increase the percentage of Systemwide delivery sales originating from their mobile app to 30% by the end of 2027.

The company is building on its foundational strength with burgers and will continue to evolve and innovate its longest-standing menu item with plans to implement 'Best Burger'; a series of operational and formulation changes designed to deliver hotter, juicier, tastier burgers to nearly all markets by the end of 2026.

The Company is in the process of a multi-year, comprehensive transformation of its technology and operating model across multiple areas of the business, in an effort to modernize our processes and create efficiencies.

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, where the majority of restaurants are under a developmental license or affiliate arrangement.

The company states that to drive Systemwide sales, operating income and free cash flow growth, their business strategies must be effective in maintaining and strengthening customer appeal and capturing additional market share.

To continue to be successful in the future, the company believes they must preserve, enhance and leverage the value and relevance of their brand, including their corporate purpose, mission and values.

The company states that their regulatory and legal environment worldwide exposes them to complex compliance, litigation and similar risks that could affect their operations and results in material ways.

The company competes primarily in the IEO segment, which is highly competitive. They also face sustained, intense competition from traditional, fast casual and other competitors, which may include many non-traditional market participants such as convenience stores, grocery stores, coffee shops and online retailers.

The company depends on the effectiveness of their supply chain management to assure a reliable and sufficient supply of quality products, equipment and other materials on favorable terms.

The company is building one of the world's largest consumer platforms to fuel engagement, which will bring together the best of their brand and utilize their physical and digital competitive advantages.

The company is building the easiest and most efficient restaurant operating platform which enables the Company and franchisees to run restaurants more efficiently and utilize the latest cloud-based technology.

During the quarter, the Company paid a quarterly dividend of $1.77 per share, or $1.3 billion. Additionally, the Company repurchased 1.5 million shares of stock for $447 million.

The Company expects 2025 capital expenditures to be between $3.0 and $3.2 billion, with the majority directed towards new restaurant unit expansion across the U.S. and International Operated Markets.

In recent years, there has been an increasing focus by stakeholders - including employees, franchisees, customers, suppliers, governmental and non-governmental organizations and investors - on environmental and social impact matters.

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, where the majority of restaurants are under a developmental license or affiliate arrangement.

Our 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.

Health epidemics or pandemics have in the past and may in the future impact macroeconomic conditions, consumer behavior, labor availability and supply chain management, as well as local operations in impacted markets, all of which can adversely affect our business, financial results and outlook.