“But I think if we look at our plans in total, across the majority of our markets, we certainly feel good that we can drive improvement to cash flow, and that'll be based on obviously driving that strong top-line volume and then obviously taking Makopka margin from a percentage basis up slightly versus where it was in 2024.”

In context

“s about your confidence in US store-level cash flow growth in 2025. Just the industry does not appear to be backing down on value in 2025. Thanks. Ian Borden: Yeah. Well, I won't, Andrew, try and reconcile the numbers. I think the team can do that with you in follow-up just in where you're kind of getting your numbers from, but because there are a few things I think that are kind of moving within margin, including some kind of structural changes. I think you can give more texture to. But I think, you know, on a broad basis, we feel, I mean, there's certainly some pressure points in 2025 when you think about some of the inflationary headwinds, particularly some of our European markets where there's a little bit more inflationary pressure on 2025 on food and paper, for example, beef prices. But I think if we look at our plans in total, across the majority of our markets, we certainly feel good that we can drive improvement to cash flow, and that'll be based on obviously driving that strong top-line volume and then obviously taking Makopka margin from a percentage basis up slightly versus where it was in 2024. Chris Kempczinski: The only thing I would add is certainly we had a number of things in the US business that we were navigating last year, inflation, investment in value. We had an E. coli. All that said, our US franchisees still achieved very strong cash flows north of half a million dollars per unit. So those businesses, that business continues to perform well. Franchising cash flow continues to be strong. And as we get some of those headwinds behind us and hopefully back to stronger momentum, that obviously would work its way through to the bottom line. Jon Tower: Our next question is from Jon Tower with Citi. Great. Thanks for taking the question. I'm just curious, Chris. You'd outlined a number of the initiatives that you're going after in 2025 with respect to new product news. And n”