They’re at mid 1300s when it comes to store count and will be more prudent opening new stores. It was a miscalculation made by the management then which could’ve been done by even the best managers on the planet.
I’m more conservative with my estimates and only assume 2-5% compounded store growth every year. There’s no point in rapidly expanding store count to 1500-1600 now when macro has been so uncertain for a while now. It’s rather better to upsize and upscale existing restaurants and I agree with the management on this
This is serious,closing down 260 out of 300,I hope they were able to reopen this time around?
They’re at mid 1300s when it comes to store count and will be more prudent opening new stores. It was a miscalculation made by the management then which could’ve been done by even the best managers on the planet.
I’m more conservative with my estimates and only assume 2-5% compounded store growth every year. There’s no point in rapidly expanding store count to 1500-1600 now when macro has been so uncertain for a while now. It’s rather better to upsize and upscale existing restaurants and I agree with the management on this
Okay
Informative
Phenomenal post. I really enjoyed reading. Keep it up!
Thank you so much Andreas