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what is the path then from this baseline to get to, I guess, margins approaching 30%?
I was wondering if you could comment on where you think the full year restaurant margin would shake out on a comp that's about flat
there's some debate in the investment community about whether Chipotle is just reaching a scale at which it's going to be tough to drive that kind of comp growth
does that give you the same answer when you look at it that way in terms of how you're guiding for the rest of the year?
how did you diagnose that it was all macro and not something specific to Chipotle?
Are you assuming something similar out of honey chicken, as you thought it Chicken Al Pastor?
I was just hoping that maybe you could elaborate on how you're thinking the comp trajectory could play out as the year goes on
I'm just wondering if maybe you can unpack why you think the business might be able to accelerate on an underlying basis
if if you could clarify that as is is it a new goal to do that? And then I guess my questions are, you know, over what time frame do you think that's possible
I just wanted to ask you to maybe explain your thought process on how the next few years could evolve and why you're so confident that 3% is the right number going forward
just wondering if you're starting to get line of sight beyond this year to getting towards that longer-term goal of 6% or higher
if you could elaborate on what that platform is doing relative to sales mix or what you're seeing in terms of the lift to the comps
My question is on the US unit growth. That number I guess, missed your target for 2024
Are you adjusting for the lapping of the fifty-third week
is the spike in oil prices and hence distribution cost going to have any material impact
wanting to get your thoughts on where we are from the state of consumer spending
Is that because of the price components going higher or the inflation components coming down
how would you frame up that exposure?
it stepped up quite a bit versus the midpoint of the range that you had last time, and I suspect some of that's related to Chuy's
Could you give us some color on the strength in margins here
on home standby, could you give us more color on the underlying trends here and how we should expect the category to progress through the rest of the year
I was hoping you could give us an update on what those trends look like in the U.S. in light of the McOpCo margin performance
What's the current sentiment in the system on extending that without McDonald's support
I was wondering, Ian, if you could kind of frame up what the level of that support looks like on an aggregate basis
unpack the key drivers for the IOM segment this past quarter. And in particular, I guess, what drove the strength
U.S. McValue platform. And I was hoping maybe you can elaborate on how you think the current construct of that value
clarification on how you're thinking about the US recovery. I think you mentioned you expected a full recovery
how much runway you think the operations improvements alone still have in terms of being able to drive comps
how much benefit you might have seen from the transfer of the sales from the stores that you closed
can you talk about where you are in the journey after only maybe a couple of months in place
Can you maybe just frame up some of the cost offsets you mentioned to that number and whether you think it's possible to fully offset that number
should we think about a slower pace of unit growth in the near term that eventually accelerates later as you do this evaluation?
can you maybe talk about whether that was comparison-related, or do you think you're seeing some underlying structural improvement?
are you seeing any signs of pause related to the unit growth, either for KFC or Taco Bell.
I just wanted to ask how you're thinking about that growth rate, for I guess, the two you know, big brands and whether commentary this morning has meant that signal that you think you might be able...
how you envision the growth profile for Yum! if you were to sell the Pizza Hut business
your thoughts on your degree of confidence in getting to that 8% operating profit growth for the year? And I guess, what are the puts and takes
your degree of confidence in the second half acceleration in the profit growth, and what gives you that confidence in light of maybe an uncertain macro backdrop
frame up where you think that could go as a persona of system sales now that you, I think you mentioned bending the arc on some of the impact from the tech investment