McDonald's CEO says to accelerate restaurant openings

McDonald's Corp. Chief Executive Jim Skinner on Thursday said he expected the world's largest restaurant operator to increase the pace of new restaurant development, which had been pulled back about four years ago as the company focused on improving its operations.

"We do expect to pick the growth rate up some," Skinner said during a news conference following the company's annual shareholder meeting.

Over the past several years the company has increased its number of restaurants by about 0.9 percent to 1 percent, Skinner said. That rate is likely to increase to about 1.2 percent to 1.3 percent, he added, but did not give a time-frame for the increased openings.

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- Posted: 2007-05-25 13:03:15

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