“And in IDL, we do not expect to see meaningful improvement until there is a resolution in the Middle East.”

In context

“oss our markets. Looking ahead to this year, we anticipate these headwinds will continue as the current macro dynamics continue to weigh on both our consumers and our business results along with the war in the Middle East. As we navigate these ongoing challenges, continuing to execute at the highest level with a laser focus towards growing market share will be critical. It's clear that we've had exceptional success over the last four years with strong broad-based momentum and global comp sales of over 30% when compared to 2019. It's truly remarkable. But as we’ve mentioned before, we anticipate 2024 comp sales growth will continue to moderate as we return to a more normalized level of growth with expectations closer to historical averages of between 3% and 4% in our U.S. and IOM segments. And in IDL, we do not expect to see meaningful improvement until there is a resolution in the Middle East. We expect our net restaurant expansion in 2024 along with restaurants we opened in 2023 will contribute nearly 2% to system wide sales growth as we begin to accelerate our new unit development and make progress against our target of 50,000 restaurants by 2027. With expectations of moderating sales growth and ongoing inflationary headwinds, we expect our company operated margin percent will remain pressured in the near term and we expect the full year 2024 company operated margin percent will be relatively in line with 2023. Turning to G&A, the financial strength of our system enables us to invest in areas that will drive long term efficiencies for our people and for our stakeholders. We expect 2024 G&A as a percentage of system wide sales to be about 2.2%, which reflects elevated investme”