The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Dennis Geiger - UBS Equities - Analyst
: Thanks to the team, great day, great event. Wondering if we could talk a little bit about the US development opportunity. A lot of
attention and focus on the international. You gave the 10,000-plus, I think, over time.
Can we talk a little more about that US growth from a store count perspective, what that looks like? I think there was a comment
you gave with the ability to kind of unlock that growth, but if we could just touch on that, that'd be great. Thank you.
Unidentified Company Representative
Sure, let me take a run at that. So at the end of 2024, we had just over 7,500 stores in the US business. Now we have market mapped
a potential for an additional 4,000 possible trade zones. Now obviously, not all of those trade zones will end up being built as stores.
So we feel good about holding to that 10,000 number that were put out there before.
Now as we intimated, we are exploring other possible asset types, some of the non-traditional asset types and that space that could
be a path to maybe extend beyond the 10,000 or accelerate towards it.
Question: Dennis Geiger - UBS Equities - Analyst
: Alright. Hey, John. I wanted to ask another one on day parts. I guess specifically lunch, maybe even late night. If I remember correctly,
a bunch of years ago we were in a setting like this. Lunch, I believe, was sort of a sizeable opportunity.
Curious how you think about maybe lunch and late night, the focus there, et cetera.
Unidentified Company Representative
Sure, maybe Neil, I'll take it and then you can jump in.
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