Mark Clouse is moving on to lead the NFL’s Washington Commanders.
 

The move comes in the wake of weak sales in fiscal 2024.
 

Company expects to emerge from process during the first quarter of 2025.
 

Search results form the foundation of the forecast.
 

Focus is on returning underperforming businesses to growth.
 

Focus is shifting to fewer projects focused on bigger returns.

Company does not see conditions improving until the second half of 2025.
 

Company outlined approach to both during investor day presentation.
 

New CEO focused on simplifying menu, pricing and app.
 

Five brands in North America negatively impacted the company’s third-quarter performance.