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Indebta > Investing > McDonald’s CosMc’s spinoff launches this month with churro frappés, pear slushes
Investing

McDonald’s CosMc’s spinoff launches this month with churro frappés, pear slushes

News Room
Last updated: 2023/12/07 at 6:10 PM
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On the menu at a McDonald’s spinoff launching this month? Churro frappés, s’mores cold brew and popping pear slushes.

The fast-food chain said Wednesday that the first of its new CosMc’s locations will open in Bolingbrook, Ill., later in December. The company plans “a handful of additional outposts” in the months to come, promising “mood-boosting escapes across the Dallas–Fort Worth and San Antonio metro areas.”

McDonald’s
MCD,
-0.02%
teased its launch of CosMc’s earlier this year with few details. The name is a nod to the company’s alien mascot of the 1980s.

CosMc’s is “inspired by nostalgia,” McDonald’s said in Wednesday’s release, and diners will be able to customize their drinks with “popping boba, flavor syrups, energy or Vitamin C shots” and more.

On the food front, options will include the Creamy Avocado Tomatillo Sandwich and pretzel bites. There will also be familiar favorites Egg McMuffins and M&M McFlurries.

Also see: McDonald’s kicks off Crocs collaboration inspired by Grimace and the Hamburglar

While McDonald’s aims to open about 10 CosMc’s pilot locations by the end of 2024, it has bigger plans for its trademark fast-food brand.

The company said earlier Wednesday that it is aiming to have 50,000 restaurants by the end of 2027, which would make for the fastest growth in the company’s history.

McDonald’s disclosed that there were 41,198 total systemwide restaurants in its last quarterly filing. About 39,000 of those were franchised, while the balance were company-owned locations.

“We have a clear trajectory for future growth as we continue to build on the brand strength, global footprint and digital ecosystem that have resulted in unparalleled competitive advantages and cemented McDonald’s as one of the world’s leading consumer-facing brands,” Chief Executive Chris Kempczinski said in a news release.

The company’s growth plans were “well above Street estimates,” Jefferies analyst Andy Barish wrote in a note to clients.

A previous version of this report misidentified the Illinois village in which the first pilot CosMc’s is located. It is Bolingbrook.

Read the full article here

News Room December 7, 2023 December 7, 2023
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