McDonald’s operates or licenses more than 33,500 fast food restaurants world wide.
Over the past ten years, the company has grown profits at a 13% pace but dividends at 26% annualized while earning a 25%+ return on equity. Looking forward, the pace of advance of dividends should slow somewhat although earnings growth is expected to continue at an above average pace as a result of:
(1) global growth not only in the number of restaurants but also in same store sales,
(2) introduction of new higher margin products [McCafe Real Fruit Smoothies, Frappes, Angus snack wraps],
(3) a revitalization program aimed at increasing market share via rising restaurant visits, growing brand loyalty and a new marketing campaign,