As of Mar 31, 2018, there were 37,286 restaurants worldwide, including 13,992 in the US (806 company, 13,186 franchised) and 23,294 internationally (2,201 company, 21,093 franchised)..
During fiscal 2017, 119 net restaurants were closed in the US and 471 net restaurants were opened internationally, systemwide. The company opened 45 net stores systemwide during the first quarter of fiscal 2018. In fiscal 2018, the company expects to open approximately 1,000 new 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||-46.1%||-44.7%||-12.0%||-4.0%||-0.4%||2.1%|
|Franchised restaurant growth||9.4%||9.2%||3.8%||1.8%||3.0%||2.9%|
|Systemwide restaurant growth||1.0%||0.9%||1.0%||0.7%||2.3%||2.8%|
|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