By Philstar
Golden Arches Development Corp., the company behind McDonald’s Philippines, plans to open at least 50 stores this year, higher than the 45 stores it opened in 2022, its founder and chairman George Yang told The STAR.
In the future, the target is to bring the McDonald’s store network in the Philippines to 1,000 from around 700 at present.
“We opened a lot of stores and we are still opening. This year, we will open at least 50 stores, or one store a week,” Yang said.
He said sales have recovered from the pandemic and are again very strong due to pent-up demand.
“You are locked down for two years. People have some money to spend, they want to go out,” he said.
The company’s drive-thru and delivery outlets also continued their strong performance, both experiencing double-digit growth in sales and guest counts.
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