McDonalds Q4 2005 Earnings Conference Call Transcript (MCD)

McDonald’s (MCD)
Q4 2005 Earnings Conference Call
January 24th 2006, 10:30 PM.

Executives:

Mary Kay Shaw, Vice President, Investor Relations
James Skinner, Chief Executive Officer
Matthew Paull, Chief Financial Officer
Michael Robert, Chief Operating Officer

Analysts:

Larry Miller, Prudential
David Palmer, UBS
Joseph Buckley, Bear Stearns
Peter Oakes, Piper Jaffray
Howard Penney, Friedman, Billings, Ramsey and Co
David Kolpak, Victory Capital
John Ivankoe, J.P. Morgan.
Andrew Barish, Banc of America.
Mark Wiltamuth, Morgan Stanley.
Lawrence Miller, Prudential.
John Glass, CIBC.
Jeff Bernstein, Lehman Brothers

Presentation

Operator

Hello and welcome to McDonald’s January 24th 2006 Investor Conference Call. At the request of McDonald’s Corporation this conference is being recorded. Following today’s presentation there will be a question and answer session for investors. At that time investors only may ask question by pressing “*