As of Mar 31, 2017, there were 36,905 restaurants worldwide, including 14,094 in the US (1,072 company, 13,022 franchised) and 22,811 internationally (4,505 company, 18,306 franchised).
During fiscal 2016, 82 net restaurants were closed in the US and 172 net restaurants were opened internationally, systemwide. The company closed 61 net restaurants domestically and added 67 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||-11.1%||-12.0%||-4.0%||-0.4%||2.1%||2.5%|
|Franchised restaurant growth||3.7%||3.8%||1.8%||3.0%||2.9%||3.0%|
|Systemwide restaurant growth||1.2%||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