“we're on track to reach 50,000 restaurants by the end of 2027.”

In context

“t to more international markets this year. Our 4Ds continue to drive growth, and we're actively doubling down on digital and development. For digital, we know loyalty customers spend more than their non-digital counterparts. We've made strong progress, and we're on track toward our long-term targets of 250 million 90-day active users and $45 billion in annual system-wide sales by the end of 2027. To date, our 90-day active users total has reached over 170 million across 60 markets, with system-wide sales to loyalty members totaling approximately $30 billion in 2024. We will also continue to redefine convenience for our customers with ready-on-arrival deployment underway in markets across the world. For development, we delivered on our 2024 restaurant openings targets across the globe, and we're on track to reach 50,000 restaurants by the end of 2027. Finally, our close partnership with our world-class franchisees, including the recent renewal of our master franchise agreement with Arcos Dorados, will be critical to driving our continued growth. Let me now turn it back over to Ian for details on our 2025 outlook. Ian Borden: Thanks, Chris. We're confident that our Accelerate in the Arch strategy will continue to drive growth in 2025 and over the longer term. But as we've discussed, there are varying levels of near-term headwinds across markets. Our approach to our 2025 outlook reflects the current environment of softer declining restaurant industry traffic in the US and many of our larger markets. That said, as Chris noted, regardless of the operating environment, we remain steadfast on the execution of our Accelerating the Arches stra”