Motley Fool Money Burgers Rise, Booze Dips
Dec 6, 2023
Bill Mann, a Senior Analyst at Motley Fool, shares insights on McDonald's ambitious expansion to 50,000 locations by 2027 and discusses the slow growth in the spirits market. Pinky Cole, founder of Slutty Vegan, talks about her journey in building a multimillion-dollar vegan restaurant chain, emphasizing authentic branding and strategic partnerships. They both explore trends in the food and beverage industry, from innovative vegan delights to shifts in consumer preferences, blending business acumen with personal investment philosophies.
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McDonald's Global Expansion
- McDonald's aims to reach 50,000 locations by 2027, focusing growth outside the U.S.
- This expansion targets emerging markets like China, where significant growth potential exists.
Billion-Dollar Brands
- McDonald's has 17 billion-dollar menu items.
- Bill Mann jokingly expresses disappointment that hot mustard sauce isn't one of them.
Best Burger Initiative
- McDonald's is improving its burger quality with a new brioche bun and ingredient changes.
- This initiative aims to compete with higher-priced fast-casual burgers as prices equalize.