The Trump tax reform bill has been very good for lots of businesses which are raising wages and handing out bonuses. McDonald’s has responded to the plan by launching an extensive expansion project. This will create a lot of new jobs for people looking to enter the workforce.
FOX Business reports:
McDonald’s to open 1,000 new restaurants in 2018, beef up tech after tax reform
McDonald’s (MCD) said it plans to funnel a significant portion of its tax savings after President Trump’s sweeping tax bill into remodeling stores in the U.S. and opening an additional 1,000 stores worldwide this year.
The news comes as the company reported strong fourth-quarter sales Tuesday that highlighted the company’s best same-store sales growth in six years. The boost was fueled by strong interest in its McPick 2 options, beverage deals, and a “strong consumer response” to its new Buttermilk Crispy Tenders, the company said.
In the fourth quarter, sales at restaurants jumped 5.5% worldwide and 4.5% in the U.S.
This trend could potentially accelerate even more, as the company only recently rolled out the revival of its popular Dollar Menu earlier this month.
“Our business is growing and it’s fundamentally sound,” McDonald’s CEO Steve Easterbrook said during a call with analysts on Tuesday.
The fast food giant also said it plans to invest $2.4 billion into existing locations by adding more kiosks and technology tailored to delivery and digital ordering.
The business landscape in the United States is going to look very different a few years from now and it will all be for the better!