McDonald's Corporation is targeting an operating margin in the low-to-mid 50% range by 2030 through its newly outlined McDonald's > NEXT strategy, which combines restaurant modernization, technology deployment and simplified operations with efforts to strengthen customer demand. The company targets approximately 250 basis points of gross restaurant-level efficiency gains as NEXT elements are fully deployed across the United States and International Operated Markets, equivalent to roughly $100,000 in annual cash flow benefits for the average U.S. restaurant. Because approximately 95% of McDonald's restaurants worldwide are independently owned and operated, the company plans NEXT partnering support through rent relief and capital support totaling approximately $5 billion by 2030 and $8.5 billion by 2036, with an estimated approximately four-year payback for franchisees. McDonald's also aims to gain 1.5 percentage points of market share in each of the chicken and beverage categories by 2030 while maintaining its beef market share leadership, supported by nearly 220 million 90-day active loyalty members across 70 markets. The company expects free cash flow conversion in the mid-to-high 80% range by 2030.
McDonald’s CorporationMcDonald's targets low-to-mid 50% operating margin and mid-to-high 80% FCF conversion by 2030 under its NEXT strategy.
Dutch Bros Inc
Starbucks Corporation