Short Answer

McDonald's total systemwide restaurants in Q1 2027 are expected to remain below 47,200, driven by revised growth targets, inflationary development costs, and a pressured consumer environment; the market prices this outcome at 0.0%.

1. Market Behavior & Drivers

No historical price data available.
  • Count below 47,200 likely, driven by McDonald's revised 2028 total unit target.
  • Inflationary development costs and a pressured consumer environment slow expansion pace.
  • Kalshi market consensus for Q1 2027 aligns with slower net restaurant additions.

Who Wins and Why

Outcome Market Model Why
Above 47200 0.0% 0.7% Kalshi market consensus indicates the Q1 2027 restaurant count will be below 47,200.
Above 47300 0.0% 0.6% Kalshi market consensus indicates the Q1 2027 restaurant count will be below 47,200.
Above 47500 0.0% 0.5% Kalshi market consensus indicates the Q1 2027 restaurant count will be below 47,200.
Above 47700 0.0% 0.4% Kalshi market consensus indicates the Q1 2027 restaurant count will be below 47,200.
Above 47900 0.0% 0.3% Kalshi market consensus indicates the Q1 2027 restaurant count will be below 47,200.

Current Context

McDonald's expanded its system by nearly 2,000 restaurants in the past year. The company reported 45,699 total systemwide restaurants as of March 31, 2026 (Q1 2026), an increase from 43,756 in Q1 2025, representing a net addition of 1,943 restaurants. McDonald's ended 2025 with 45,356 total systemwide restaurants, up from 43,477 at the close of 2024 [1][2][3][4]. For the full year 2026, the company plans to open approximately 2,600 gross new restaurants, projecting approximately 2,100 net restaurant additions, contributing to slightly over 4.5% new unit growth (net of closures) [1][5][6]. Net restaurant unit expansion is expected to contribute approximately 2.5% to 2026 systemwide sales growth in constant currencies [5].
McDonald's delayed its 50,000-restaurant target due to market pressures. The company pushed its global target of 50,000 restaurants from the end of 2027 to 2028, citing a pressured consumer environment and cumulative inflationary impact on development costs. This revision was announced during the Q2 2026 earnings call on August 4, 2026 [7][8][9][10][11][12]. CEO Chris Kempczinski stated that development decisions would be based on returns rather than fixed unit targets, emphasizing, "We're not chasing an absolute growth number" [2][13]. McDonald's is also evaluating refranchising company-operated stores, which currently number 641 in the U.S. and 1,386 internationally, as their performance lags [2][13]. The company outlined approximately $8.5 billion in franchisee support through 2036, including roughly $5 billion by 2030, as part of its expanded 'NEXT' growth plan [14].
Prediction markets anticipate Q1 2027 restaurant count below 47,200. The Kalshi prediction market for McDonald's total systemwide restaurants in Q1 2027 (ending May 6, 2027) shows all thresholds above 47,200, 47,300, and 47,500 at less than 1% probability. This suggests the market expects the Q1 2027 count to be below 47,200 [15]. In Q3 2026, global systemwide sales increased 4% to over $38 billion, with global comparable sales up 1.5% [16][17]. Earlier, in Q1 2026, McDonald's reported global systemwide sales growth of 6% in constant currency and global comparable sales growth of 3.8% [18]. Analyst consensus for Q1 FY2027 (quarter ending March 31, 2027) estimates EPS of $2.99 on revenue of $6.72 billion [19].
Sources (19)
  1. 1mcd-20260331sec.gov
  2. 2McDonald’s Weighs Refranchising as Company-Operated Performance Lags - QSR Magazineqsrmagazine.com
  3. 3R24.htmsec.gov
  4. 4R12.htmsec.gov
  5. 5Documentsec.gov
  6. 6McDonald’s targeting approximately 2600 gross restaurant openings in 2026tipranks.com
  7. 7McDonald's Q2 2026 Results: U.S. Traffic Drops Due to Promotion Overload and Execution Issues - News and Statistics - IndexBoxindexbox.io
  8. 8[McDonald's Q2 2026 Earnings Call] McDonald's Blames 'Bad Trade' on Value as U.S. Comps Slip to 0.8% — CEO Insists 'We Don't Have a Strategy Problem'finance.biggo.com
  9. 9MCD Q2 Earnings Call Flags U.S. Execution Gaps - The Globe and Mailtheglobeandmail.com
  10. 10MCD Q2 Earnings Call Flags U.S. Execution Gaps - The Globe and Mailtheglobeandmail.com
  11. 11McDonald's says its value meals have become too complicated | Longbridgelongbridge.com
  12. 12McDonald's Q2 Results Reveal Pressured Consumer: Flat-to-Negative Traffic, Value Wars, and Negative July Compspro.edgex.exchange
  13. 13MCD Q1 2026 Earnings Call: Guidance & Transcript - Alpha Spreadalphaspread.com
  14. 14McDonald's outlines $8.5 billion plan to support franchisees | Reutersreuters.com
  15. 15McDonald's total systemwide restaurants next quarter Odds & Predictions 2027kalshi.com
  16. 16McDONALD'S REPORTS THIRD QUARTER 2026 RESULTS - Nov 4, 2026mcdonalds.mediaroom.com
  17. 17McDonald's (MCD) Q3 2026 earningscnbc.com
  18. 18McDonald's reaffirms plan for about 50000 restaurants by...seekingalpha.com
  19. 19MCD Earnings — Estimates, Results & Call Transcripts | Backpack Securitiesbackpack.exchange

2. Market Data

Contract Snapshot

For each individual contract, a YES resolution occurs if McDonald's total systemwide restaurants for the specified "next quarter" is strictly above the stated numerical threshold (e.g., 47,200), and a NO resolution occurs if it is at or below the threshold. Trading for this market concludes on May 6, 7:00 am EDT. The maximum payout for contracts is scheduled for September 3, 2027.

Available Contracts

Market options and current pricing

Outcome bucket Yes (price) No (price) Last trade probability
Above 47200 $0.00 $1.00 0%
Above 47300 $0.00 $1.00 0%
Above 47500 $0.00 $1.00 0%
Above 47700 $0.00 $1.00 0%
Above 47900 $0.00 $1.00 0%
Above 48100 $0.00 $1.00 0%
Above 48300 $0.00 $1.00 0%

Market Discussion

McDonald's reported 46,028 total systemwide restaurants at June 30, 2026, following 45,699 at March 31, 2026 [1][2]. The company guides for approximately 2,100 net restaurant additions in FY2026, projecting roughly 47,456 restaurants by year-end 2026, and has delayed its 50,000-restaurant target from 2027 to 2028 [3][4][5][6][7]. A prediction market shows less than 1% probability for total systemwide restaurants exceeding 47,200, 47,300, or 47,500 in Q1 2027 [8][9], despite McDonald's NEXT strategy targeting nearly 2.5% contribution to systemwide sales growth from unit expansion in 2027 [10].

Sources (10)
  1. 1McDonald's Corporation (MCD) - Moat Analysis | Find My Moatfindmymoat.com
  2. 2McDonald’s Q1 2026 revenue rises 9% to $6.5B | MCD Quarterly Report (10-Q)stocktitan.net
  3. 3McDonald’s journey to 50,000 restaurants will take a bit longernrn.com
  4. 4McDonald's (MCDL) Q2 2026 Earnings Report - Results, Call & Slides - TipRanks.comtipranks.com
  5. 5[McDonald's Q2 2026 Earnings Call] McDonald's Blames 'Bad Trade' on Value as U.S. Comps Slip to 0.8% — CEO Insists 'We Don't Have a Strategy Problem'finance.biggo.com
  6. 6McDonald's Q2 Earnings Beat Puts U.S. Traffic and Margins in Focus — TradingView Newstradingview.com
  7. 7https://www.tipranks.com/news/ratings/mcdonalds-buy-rating-reaffirmed-as-operational-improvements-drive-recovery-340-price-target-maintained-ratings-newstipranks.com
  8. 8McDonald's total systemwide restaurants next quarter Odds & Predictions 2027kalshi.com
  9. 9McDonald's total systemwide restaurants next quarter Odds & Predictions 2027kalshi.com
  10. 10McDonald's Advances NEXT Strategy to Become First...corporate.mcdonalds.com

3. How will McDonald's revised 50,000-unit timeline and potential refranchising of company-owned stores shape its net restaurant growth in Q4 2026 and Q1 2027?

Revised Global Restaurant Target50,000 restaurants by 2028 (revised from 2027) [1][2][3][4]
Total Systemwide Restaurants46,028 as of June 30, 2026 [5][6]
2027 Net Restaurant Unit Growth TargetNearly 4.5% [7]
McDonald's has adjusted its global restaurant growth timeline to 2028. The company has revised its ambitious global target of 50,000 restaurants, moving the projected achievement date from the end of 2027 to 2028. This adjustment is attributed to a challenging consumer environment and the cumulative impact of inflation on development costs [1][2][3][4]. As of June 30, 2026, the company reported 46,028 systemwide restaurants [5][6]. For the full-year 2026, McDonald's forecasts approximately 2,100 net restaurant additions, stemming from 2,500 gross restaurant openings [8][5].
Future growth targets include significant net restaurant unit expansion. Looking further ahead, McDonald's aims for nearly 4.5% net restaurant unit growth in 2027, anticipating that new restaurants will contribute close to 2.5% to systemwide sales growth during that year [7]. Concurrently, McDonald's is advancing its refranchising strategy, which aims for 98% of its global restaurant portfolio to be franchised by 2028, up from approximately 95% currently [8][7]. In 2026 year-to-date, about 175 restaurants have been refranchised [8][7]. Management clarifies that these refranchising efforts, which involve divesting company-owned stores, will not diminish the total systemwide restaurant count but rather shift ownership to franchisees [2][3][4]. The primary impetus for these divestitures, expected to continue in 2026 and beyond, is the.
Sources (8)
  1. 1McDonald’s journey to 50,000 restaurants will take a bit longernrn.com
  2. 2Full Transcript: McDonald's Q2 2026 Earnings Callbenzinga.com
  3. 3McDonald's Refranchises Corporate Stores: Margins Fall Behind1851franchise.com
  4. 4[McDonald's Q1 2026 Earnings Call] Global Comps Rise 3.8%, but U.S. Company-Operated Margins Deemed 'Unacceptable' — Refranchising Review Underwayfinance.biggo.com
  5. 5McDonald's Q2 2026 earnings: $7.1B revenue | MCD Quarterly Report (10-Q)stocktitan.net
  6. 6McDonald's (MCD) Number of Stores — Quarterly & Annualopencapital.sh
  7. 7McDonald's (MCD) Transcript: Investor Day 2026stockanalysis.com
  8. 8McDonald's (MCD) Q3 2026 Earnings Call Transcript | The Motley Foolfool.com

4. What quarterly net restaurant addition rate through Q1 2027 is implied by Kalshi market consensus, and how does this compare to McDonald's official 2026 guidance?

Implied Quarterly Net Restaurant Additions525-590 (through Q1 2027) [1]
McDonald's 2026 Net Restaurant Target2,100 (full-year) [2][3][4]
Kalshi FY2026 Total Systemwide Restaurants Median47,470 (as of late October 2026) [1]
Kalshi market consensus aligns with McDonald's 2026 net restaurant addition guidance. The Kalshi market consensus implies a quarterly net restaurant addition rate of approximately 525-590 restaurants through Q1 2027 [1]. This implied rate is consistent with McDonald's official 2026 guidance, which projects approximately 2,100 net restaurant additions for the full year, equating to approximately 525 additions per quarter on an even distribution basis [1][2][5][3][6][7][8].
McDonald's is tracking towards its 2026 growth target despite quarterly fluctuations. The company confirmed during its Q3 2026 earnings call on November 4, 2026, that it remains on track for approximately 2,100 net restaurant openings in 2026, from 2,500 gross openings [2][3][4]. As of June 30, 2026 (Q2 2026), McDonald's reported 46,028 total systemwide restaurants, representing 329 net additions in that quarter [7][9]. The Kalshi market for Q3 2026 showed a median of approximately 46,566 total systemwide restaurants as of November 4, 2026, implying 867 net additions through Q3 2026. This represents 41% of the full-year target and is slightly behind an even quarterly pace [1][10]. The Kalshi market consensus for McDonald's total systemwide restaurants in fiscal 2026 indicates a median of 47,470, with the middle half ranging from 47,278 to 47,700, as of late October 2026 [1]. Additionally, McDonald's targets 50,000 global units by the end of 2027, though this target has been revised to 2028 in some communications [2][5][3][6][7][8].
Sources (10)
  1. 1McDonald's total restaurants in fiscal 2026: Odds, Chart & News | 4Search Predictions4search.com
  2. 2McDonald's (MCD) Q3 2026 Earnings Call Transcript | The Motley Foolfool.com
  3. 3McDonald's (MCD) Q3 2026 Earnings Call Transcript and Summary | Gloomgloom.sh
  4. 4McDonald's outlines plan for 2,500 gross openings and $3.7B capex as it targets a new U.S. value program in early 2027 (NYSE:MCD) | Seeking Alphaseekingalpha.com
  5. 5McDonald's (MCD) Q4 2025 Earnings Call Transcript | The Motley Foolfool.com
  6. 6mcd-20251231sec.gov
  7. 7McDonald's Q2 2026 earnings: $7.1B revenue | MCD Quarterly Report (10-Q)stocktitan.net
  8. 8MCD - McDonald's Corp Earnings Reports, Summaries & Call Transcripts | Morningstarmorningstar.com
  9. 9McDonald's (MCD) Q1 Earnings: How Key Metrics Compare to Wall Street Estimatesfinance.yahoo.com
  10. 10McDonald's Corporation total systemwide restaurants in Q3 2026 Odds & Predictionskalshi.com

5. How do the FY2026-FY2027 unit growth strategies and development pipelines of McDonald's and Yum! Brands compare, particularly in international markets?

McDonald's 50,000-restaurant target completionEnd of 2028 (adjusted from end of 2027) [1][2]
Yum! Brands global restaurants (as of Q2 2026)64,166 [3][4][5][6]
McDonald's FY2026 net additions guidanceApproximately 2,100 [1][7]
McDonald's adjusts its global expansion timeline amid market pressures. The company has revised its global target of 50,000 restaurants, postponing the completion date from the end of 2027 to the end of 2028, citing consumer pressure and inflationary development costs [1][2]. McDonald's anticipates approximately 2,100 net additions in FY2026, with significant growth projected in International Developed Licensed (IDL) markets, which contributed the majority of the +672 net additions in the first half of 2026 [1][7]. International markets are critical to the company, generating over half of its systemwide sales and operating profit, with comparable sales rising across IDL and International Operated Markets (IOM) in Q2 2026 [8]. Specifically, McDonald's plans to open around 1,000 new restaurants in China in 2026, aiming to reach over 10,000 restaurants in that market by 2028 [9][10][11].
Yum! Brands pursues aggressive international unit growth with a franchised model. As of June 30, 2026, Yum! Brands maintained a global footprint of 64,166 restaurants, 97% of which are franchised [3][4][5][6]. The company targets a long-term annual unit growth rate of 5% and reported 481 net new units in Q2 2026 from 1,053 gross openings [1][4][5]. KFC demonstrated robust performance, achieving 7% unit growth and opening 660 gross new restaurants across 55 markets in Q2 2026, with 2026 projected as a record year for net unit development, particularly in the Middle East where a 20,000-unit whitespace opportunity exists [4][5][12][13][6]. Taco Bell International has also expanded significantly, reaching approximately 1,200-1,300 stores and reporting double-digit same-store sales growth in key markets like the UK, Spain, and India [14][12]. The divestiture of Pizza Hut is expected to position the remaining portfolio for accelerated growth in 2027 [14][13].
Sources (14)
  1. 1McDonald's (MCD) Q3 2026 Earnings Call Transcript | The Motley Foolfool.com
  2. 2Documentsec.gov
  3. 3YUM! Brands Q4 Earnings Fall Short, Revenues Surpass Estimatesfinance.yahoo.com
  4. 4YUM 10-Q Filings - Yum! Brands, Inc. SEC 10-Qstocktitan.net
  5. 5Yum Brands revenue climbs as tax benefits lift EPS | YUM Quarterly Report (10-Q)stocktitan.net
  6. 6Yum says Taco Bell finding its footing after outbreak | LinkedInlinkedin.com
  7. 7McDonald's (MCD) Q1 Earnings: How Key Metrics Compare to Wall Street Estimatesfinance.yahoo.com
  8. 8[McDonald's Q2 2026 Earnings Call] McDonald's Blames 'Bad Trade' on Value as U.S. Comps Slip to 0.8% — CEO Insists 'We Don't Have a Strategy Problem'finance.biggo.com
  9. 9McDonald's (MCD) Q1 2026 Earnings Transcript | The Motley Foolfool.com
  10. 10What is Growth Strategy and Future Prospects of McDonald's Company? – PortersFiveForce.comportersfiveforce.com
  11. 11McDonald's (MCD) Q1 2026 Earnings Transcript - AOLaol.com
  12. 12Yum! Brands at Barclays consumer conference: post-Pizza Hut growth push By Investing.cominvesting.com
  13. 13Company Descriptionstonegateinc.com
  14. 14Yum! Brands (YUM) FY 2026 Earnings Call Transcript & Audiostockanalysis.com

6. What is the specific SEC filing that will contain the Q1 2027 systemwide restaurant count for McDonald's, and what is the historical release timeline for this report?

Target Restaurant Count50,000 by end of 2027 [1][2][3][4]
Q1 2027 10-Q Release ExpectationEarly to mid-May 2027 [1][5][6][7][8][9][10][11][12]
Location of Restaurant Count'Restaurant Information' table in 10-Q [1][2][3][4]
The Q1 2027 systemwide restaurant count for McDonald's will be available in the company's Form 10-Q for the quarterly period ended March 31, 2027 [1][4][5][12]. This filing is expected to be released in early to mid-May 2027 [1][5][6][7][8][9][10][11][12]. The Q1 2027 10-Q is anticipated to be filed within 5-10 days following the Q1 earnings 8-K press release, which typically occurs in late April 2027 [1][5][6][7][8][9][10][11][12].
Historical filings confirm a consistent early-to-mid May release timeline. McDonald's Q1 10-Q filings have generally taken place in early to mid-May, following a pattern seen with Q1 2023 on May 4, 2023, Q1 2024 on May 8, 2024, Q1 2025 on May 12, 2025, and Q1 2026 on May 7, 2026 [1][7][10][11]. The systemwide restaurant count information is specifically disclosed within the 'Restaurant Information' table of the 10-Q, providing a detailed breakdown by ownership type, including the total systemwide restaurants [1][2][3][4].
McDonald's aims for substantial restaurant count expansion as a strategic goal. The company plans to open approximately 2,600 new restaurants in 2026 [1][2][3][4]. This expansion contributes to a larger objective of reaching 50,000 restaurants globally by the end of 2027 [1][2][3][4]. Recent systemwide restaurant counts include 43,756 as of March 31, 2025, 45,699 as of March 31, 2026, and 46,028 as of June 30, 2026 [1][2][3][4].
Sources (12)
  1. 1MCDONALDS CORP Form 10-Q for the period ended March 31, 2026sec.gov
  2. 2R24.htmsec.gov
  3. 3https://www.sec.gov/Archives/edgar/data/63908/000006390825000025/R24.htmsec.gov
  4. 4mcd-20260630sec.gov
  5. 5EDGAR Search Resultssec.gov
  6. 6McDonald's Corporation 10-Q Q1 2025 Quarterly Report | MCD | CapEdgecapedge.com
  7. 70000063908 25 000025sec.gov
  8. 8Mcdonalds Corp (MCD) 10-Q Quarterly Report May 2024last10k.com
  9. 9MCD 10-Q Quarterly Report Q1 FY2024 — Revenue, Net Income, EPSanalystlens.com
  10. 10mcd-20240331sec.gov
  11. 11https://www.sec.gov/Archives/edgar/data/63908/000006390823000036/0000063908-23-000036.txtsec.gov
  12. 12EDGAR Search Resultssec.gov

7. How will projected trends in construction costs and consumer discretionary spending in late 2026 and early 2027 influence McDonald's pace of new restaurant development?

McDonald's Global Restaurant Target (50,000)2028 [1]
Non-Residential Construction Cost Increase since 2020roughly 30% [2]
McDonald's Revised 2026 Gross Openings Target2,500 (down from 2,600) [3]
McDonald's new restaurant growth is slowing due to rising construction costs. The company projects a slowdown in its new restaurant development pace during late 2026 and early 2027, contributing to the postponement of its global target of 50,000 restaurants by one year to 2028 [1]. Non-residential construction costs have increased approximately 30% since 2020, pushing quick-service restaurant (QSR) buildout costs towards $1 million before equipment, up from $750,000 [2]. The cumulative inflationary impact on development costs has been substantial, with construction and equipment costs for a typical QSR unit rising more than 35 percent over the prior five-year period, thereby compressing returns [4]. In response, McDonald's management is re-evaluating its development pipeline, noting that locations no longer making financial sense "will drop out" [5]. This led to a revision in Q3 2026, lowering the 2026 gross restaurant openings target from 2,600 to 2,500 [3].
Weakened consumer spending also impacts McDonald's development strategy. A "pressured consumer environment" plays a critical role in influencing these development decisions [1]. Deloitte's October 2026 State of the US Consumer report indicates softened spending intentions, as discretionary spending pulled back [6]. McDonald's Q3 2026 earnings, reported in November 2026, reflected this trend with a 0.2% decline in U.S. comparable sales and negative guest counts, although positive average check growth provided a partial offset [3]. Bank of America data further suggests that restaurant spending grew 3.3% year-over-year through July 2026, primarily driven by higher prices rather than increased traffic [7]. McDonald's anticipates mid-single-digit food and paper inflation will continue into 2027 [3]. These elevated buildout costs, combined with shifting labor dynamics and thinner margins, are prompting retailers to focus on fewer, high-performing sites, as highlighted by CBRE's 2026 US Real Estate Market Outlook [8].
Sources (8)
  1. 1McDonald’s journey to 50,000 restaurants will take a bit longernrn.com
  2. 2Restaurant resales fall in 2026; turnkey, franchise deals surge | Fast Casualfastcasual.com
  3. 3McDonald's (MCD) Q3 2026 Earnings Call Transcript | The Motley Foolfool.com
  4. 4The Shrinking Restaurant: Why QSR's Biggest Chains Are Building Half-Sized Stores | QSR Proqsr.pro
  5. 5Earnings call transcript: McDonald’s Q1 2026 beats forecasts, stock rises By Investing.cominvesting.com
  6. 6State of the US Consumer: October 2026deloitte.com
  7. 7State of the Restaurant Industry Report: Data & Statisticsbusiness.bofa.com
  8. 8Retail | CBREcbre.com

8. What Could Change the Odds

Key Catalysts

McDonald's revised its target of 50,000 total systemwide restaurants, delaying achievement from end of 2027 to 2028. This adjustment cites a pressured consumer environment and cumulative inflationary impact on development costs [1][2][3][4][5]. For fiscal year 2026, the company expects approximately 2,100 net restaurant additions, projecting a total of approximately 47,456 systemwide restaurants by end of 2026 [6][7][3]. As of June 30, 2026 (Q2 2026), McDonald's operated 46,028 total systemwide restaurants, an increase from 44,113 in Q2 2025 [8][9]. The company advanced toward a 98% franchised goal by 2028, having refranchised approximately 175 restaurants year-to-date through Q3 2026 [10][8][6].
Q3 2026 results showed global comparable sales growth of 1.5%, but U.S. comparable sales declined 0.2% [6][11]. U.S. comparable sales turned negative in July and August 2026, coinciding with reported execution issues involving value menu and EDAP pricing, along with elevated food, paper, and labor costs [12][13][6]. Conversely, strategic initiatives include the expansion of a specialty beverage platform to over 7,000 additional European restaurants by mid-2027 and the deployment of Archy smart ordering across a majority of U.S. restaurants by end of 2027 [6][11]. NEXT restaurant remodels are expected to reach a 5,000+ per year run rate by 2028 [6][11]. McDonald's also announced a 4% dividend increase, raising it to $1.93 per share [6][11].

Key Dates & Catalysts

  • Expiration: September 03, 2027
  • Closes: September 03, 2027
Sources (13)
  1. 1McDonald’s journey to 50,000 restaurants will take a bit longernrn.com
  2. 2McDonald's delays store expansion plansfinance.yahoo.com
  3. 3[McDonald's Q2 2026 Earnings Call] McDonald's Blames 'Bad Trade' on Value as U.S. Comps Slip to 0.8% — CEO Insists 'We Don't Have a Strategy Problem'finance.biggo.com
  4. 4McDonald's says its value meals have become too complicated | Longbridgelongbridge.com
  5. 5Chipotle pulls jalapenos and McDonald’s slows expansion as restaurant strain builds - WalletInvestor.comwalletinvestor.com
  6. 6McDonald's (MCD) Q3 2026 Earnings Call Transcript | The Motley Foolfool.com
  7. 7Investor Overviewcorporate.mcdonalds.com
  8. 8McDonald's (MCD) Number of Stores — Quarterly & Annualopencapital.sh
  9. 9[MCD] McDonald's: Q3 2026 earnings preview on U.S. traffic and value menu fixes | drillrdrillr.ai
  10. 10mcd-20260331sec.gov
  11. 11McDonald's outlines plan for 2,500 gross openings and $3.7B capex as it targets a new U.S. value program in early 2027 (NYSE:MCD) | Seeking Alphaseekingalpha.com
  12. 12McDonald's Stock Ahead of Q3 Earnings: Buy, Sell or Wait for Now?finance.yahoo.com
  13. 13Earnings Preview | McDonald's reports before Wednesday's US open — US same-store sales are the first test | Longbridgelongbridge.com