McDonald's Corporation (NYSE:MCD) Q1 2023 Earnings Conference Call April 25, 2023 8:30 AM ET Company Participants Mike Cieplak - Investor Relations Chris Kempczinski - President and Chief Executive Officer Ian Borden - Chief Financial Officer Conference Call Participants Dennis Geiger - UBS Brian Bittner - Oppenheimer Sara Senatore - Bank of America Brian Harbour - Morgan Stanley Chris Carril - RBC Capital Markets David Tarantino - Baird Eric Gonzalez - KeyBanc Capital Markets Jon Tower - Citi Lauren Silber ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-5231 McDONALD’S CORPORATION (Exact name of registrant as specified in its charter) Delaware 36-2361282 (State or other jurisdiction of incorporation ...

McDonald's Corporation (NYSE:MCD) Q4 2022 Earnings Conference Call January 31, 2023 8:30 AM ET Company Participants Mike Cieplak - IR Christopher J. Kempczinski - President and CEO Ian F. Borden - EVP and CFO Conference Call Participants David Palmer - Evercore ISI David Tarantino - Robert W. Baird Eric Gonzalez - KeyBanc Capital Markets Jeffrey Bernstein - Barclays Bank Brian Harbour - Morgan Stanley Lauren Silberman - Crédit Suisse Dennis Geiger - UBS Sara Senatore - Bank of America Securities Jon Tower - ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-5231 McDONALD'S CORPORATION (Exact Name of Registrant as Specified in Its Charter) Delaware 36-2361282 (State or Other Ju ...

McDonald's Corporation (NYSE:MCD) Q3 2022 Earnings Conference Call October 26, 2022 8:30 AM ET Company Participants Mike Cieplak - IR Chris Kempczinski - President and CEO Ian Borden - CFO Conference Call Participants John Glass - Morgan Stanley Dennis Geiger - UBS Eric Gonzalez - KeyBanc David Tarantino - Baird Lauren Silberman - Credit Suisse Jared Garber - Goldman Sachs Andrew Charles - Cowen Chris Carril - RBC Jeff Bernstein - Barclays John Ivankoe - JPMorgan Brian Bittner - Oppenheimer David Palmer - E ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-5231 McDONALD'S CORPORATION (Exact Name of Registrant as Specified in Its Charter) Delaware 36-2361282 (State or Other Jurisdi ...

McDonald's Corporation (NYSE:MCD) Q2 2022 Earnings Conference Call July 26, 2022 8:30 AM ET Company Participants Mike Cieplak - Investor Relations Officer Chris Kempczinski - President & Chief Executive Officer, Kevin Ozan - Chief Financial Officer Conference Call Participants David Tarantino - Baird John Glass - Morgan Stanley Andrew Charles - Cowen David Palmer - Evercore Dennis Geiger - UBS Lauren Silberman - Credit Suisse John Ivankoe - JPMorgan Jeff Bernstein - Barclays Sara Senatore - Bank of America ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-5231 McDONALD'S CORPORATION (Exact Name of Registrant as Specified in Its Charter) Delaware 36-2361282 (State or Other Jurisd ...

McDonald's Corporation (NYSE:MCD) Q1 2022 Earnings Conference Call April 28, 2022 8:30 AM ET Company Participants Mike Cieplak - Investor Relations Officer Chris Kempczinski - President & Chief Executive Officer Kevin Ozan - Chief Financial Officer Conference Call Participants David Tarantino - Robert W. Baird David Palmer - Evercore Dennis Geiger - UBS John Glass - Morgan Stanley Andrew Charles - Cowen Eric Gonzalez - KeyBanc Lauren Silberman - Credit Suisse Jeff Bernstein - Barclays Sara Senatore - Bank ...

Summary of McDonald's Corporation Conference Call Company Overview - **Company**: McDonald's Corporation (NYSE:MCD) - **Industry**: Fast Food / Quick Service Restaurants - **Global Presence**: Over 40,000 restaurants worldwide, leading market share in key markets [1][2] Key Points and Arguments Temporary Closure in Russia - McDonald's announced the temporary closure of 850 restaurants in Russia due to the ongoing crisis, while continuing to pay over 60,000 employees [2][3] - Estimated costs related to this closure are approximately $15 million per month, equating to about $0.5 to $0.6 per share [3] Business Momentum and Growth Strategy - The U.S. business saw a record comp sales increase of approximately 14% in 2021, the highest on record [6] - The growth strategy, termed "Accelerating the Arches," focuses on three pillars: maximizing marketing, core menu emphasis, and enhancing delivery, drive-thru, and digital services [7][8] - Digital sales in top markets reached $18 billion in 2021, a 60% increase year-over-year [8] Post-COVID Opportunities - McDonald's believes it has inherent competitive advantages such as size, scale, and a strong drive-thru presence, which will aid in post-COVID recovery [11][12] - The company aims to enhance customer experience through a new Chief Customer Officer role [12][13] Staffing and Cost Inflation - Labor shortages are a challenge, but conditions are improving post-Omicron [21][22] - Commodity inflation was around 4% in 2021, expected to double in 2022, necessitating strategic pricing adjustments [22][23] - In 2021, prices were increased by approximately 6%, with a historical flow-through of 70% to 80% [23][24] International Market Performance - International markets are showing strong recovery, with some exceeding pre-COVID sales volumes [25][26] - Countries like the U.K., Canada, and Australia have demonstrated resilience, while others like France and Germany are still in recovery mode [27][28] Technology and Digital Strategy - Significant investments in technology have been made to unify tech stacks across markets, facilitating quicker deployment of initiatives like loyalty programs [31][32] - The loyalty program has been launched in over 40 markets, with over 30 million members in the U.S. alone [35][36] Delivery and Marketing Strategy - Delivery is available in over 33,000 restaurants globally, with significant growth during the pandemic [39][40] - Marketing strategies have evolved to focus on cultural relevance and digital engagement, enhancing brand connection with consumers [42][43] Breakfast Segment - Breakfast accounts for approximately 25% of U.S. sales, with double-digit comp growth observed in 2021 [47][49] - The focus will be on maintaining operational excellence and local value strategies in the breakfast segment [49] Unit Development and Financial Outlook - McDonald's targets a global net restaurant growth of about 3.5% for the year, with potential for further acceleration [50][51] - G&A expenses are projected to be 2.2% to 2.3% of sales, with expectations for operating margins to improve post-2022 as inflation eases [54][56] - Free cash flow grew nearly 25% from 2019 to over $7 billion in 2021, with a focus on reinvestment and shareholder returns [58][59] Additional Important Insights - The company is focused on maintaining a strong balance sheet and investment-grade credit rating while prioritizing dividends and share repurchases [59][60] - The ongoing commitment to customer experience and digital engagement is expected to drive long-term growth and customer loyalty [36][37]