In the coming years, McDonald’s plans to use its burger strategy to spur growth. There is only one word that sums up that strategy: More.
CEO Chris Kempczinski stated in an interview with CNN that “having a larger burger is an opportunity in the US, in a number of markets, around the world.”
He continued, “We’re working on that.” “You should be prepared for that in the future.”
There’s more to your burger than meets the eye. Everything is more. The burger company intends to expand its restaurant base by thousands. It aims to grow its loyalty programme, which encourages consumers to spend more, to 100 million members. Additionally, it is spending more money on marketing initiatives to make consumers crave its fries and burgers, as well as increasingly its chicken sandwiches.
Greater burger size
McDonald’s has already been developing a strategy to enhance the flavour of its burgers. But it’s discovered that consumers also prefer larger burgers in addition to softer buns and oozier cheese.
Our customers have been heard. At an investor event on Wednesday, Jo Sempels, who is in charge of markets where McDonald’s has licenced its brand, said, “And we understand their desire for larger, high-quality burgers that fill you up.”
According to Sempels, McDonald’s intends to test options in a small number of markets before expanding its use to a larger market.
Though it will be larger, the burger to come shouldn’t break the bank. “We believe we will be able to provide [clients] with a large burger that tastes amazing and is better value than anything they can get anywhere else,” Kempczinski stated.
Not only does McDonald’s aim to expand globally, but it also wants to sell bigger burgers.
The burger chain stated in a release on Wednesday that it intends to have 50,000 locations worldwide by 2027. There were about 41,000 McDonald’s locations worldwide as of September 30.
McDonald’s said in a statement that the increase would mark “the fastest period of growth in company history.”
It could appear that there are already too many fast food restaurants on the planet. However, McDonald’s disagrees, believing that in order to maximise sales across the board, the company should grow and expand as humankind does.
Manu Steijaert, the company’s global chief customer officer, said during the event on Wednesday that “some in this room might be questioning whether there is truly more space to grow given our current size and scale.” “I’m here to tell you that we believe there is a huge opportunity to grow the company by adding more locations and increasing our proximity to our clientele.
Additionally, McDonald’s truly does care about being physically closer to its patrons. Of course, people could get to a McDonald’s faster. However, it also implies that McDonald’s can reach them faster, with shorter delivery and wait times.
More participants in loyalty schemes
McDonald’s plans to greatly grow its loyalty programme in addition to the new locations, increasing the number of 90-day active users from 150 million to 250 million by 2027.
Through loyalty programmes, businesses can better understand the preferences of their clientele and tailor offers that might keep them from switching to rival businesses.
Source: Cosmo Politian