As of Sep 30, 2017, there were 36,976 restaurants worldwide, including 14,063 in theUS (932 company, 13,131 franchised) and 22,913 internationally (2,298 company, 20,615 franchised).
During fiscal 2016, 82 net restaurants were closed in the US and 172 net restaurants were opened internationally, systemwide. In the first nine months of fiscal 2017, the company closed 96 net restaurants domestically and added 162 net restaurants internationally, systemwide. In fiscal 2017, the company expects to open approximately 1,000 new locations and close 500 existing locations. Long-term, the company has set a goal to become 95% franchised, with the majority of refranchising taking place internationally.
At year-end, the company owned approximately 45% of the land and about 70% of the buildings for restaurants, and leased 15,115 locations, including those where the buildings and/or the land is leased. Lease terms for most restaurants are generally for 20 years and, in many cases, provide for rent escalations and renewal options, with certain leases providing purchase options.
The ideal site is a freestanding building up to 4,000 square feet on a 50,000 square foot lot, on a corner or corner-wrap with signage on two major streets.
|Company-operated restaurant growth||-46.7%||-12.0%||-4.0%||-0.4%||2.1%||2.5%|
|Franchised restaurant growth||10.4%||3.8%||1.8%||3.0%||2.9%||3.0%|
|Systemwide restaurant growth||1.0%||1.0%||0.7%||2.3%||2.8%||2.9%|
|Avg restaurant gross sq ft||4,000||4,000||4,000||4,000||4,000||4,000|
|Avg restaurant gross sq ft growth||0.0%||0.0%||0.0%||0.0%||0.0%||0.0%|
Notes:Franchised restaurants include those that are conventionally franchised, developmentally licensed and foreign affiliated