McDonald's (MCD) CEO Steve Easterbrook on Q1 2018 Results - Earnings Call Transcript

Apr. 30, 2018 5:54 PM ETMcDonald's Corporation (MCD)
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McDonald’s Corporation (NYSE:MCD) Q1 2018 Earnings Conference Call April 30, 2018 11:00 AM ET

Executives

Mike Flores – Investor Relations

Steve Easterbrook – President and Chief Executive Officer

Kevin Ozan – Chief Financial Officer

Analysts

Sara Senatore – Bernstein

Andrew Charles – Cowen

John Ivankoe – JP Morgan

David Palmer – RBC

Brian Bittner – Oppenheimer

David Tarantino – Baird

Matt DiFrisco – Guggenheim

John Glass – Morgan Stanley

Will Slabaugh – Stephens

Peter Saleh – BTIG

Jeff Bernstein – Barclays

Greg Francfort – Bank of America Merrill Lynch

Alton Stump – Longbow

Nicole Miller Regan – Piper Jaffray

Jeff Farmer – Wells Fargo

Brett Levy – Deutsche Bank

Operator

Hello and welcome to McDonald’s April 30, 2018 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. [Operator Instructions]

I would now like to turn the conference over to Mr. Mike Flores, Investor Relations Officer for McDonald’s Corporation. Mr. Flores, you may begin.

Mike Flores

Hello, everyone, and thank you for joining us. With me today on the call are President and Chief Executive Officer Steve Easterbrook; and Chief Financial Officer Kevin Ozan. Today’s conference call is being webcast live and recorded for replay by webcast.

Before I turn it over to Steve, I want to remind everyone that the forward-looking statements in our earnings release and 8-K filing also apply to our comments. Both documents are available on www.investor.mcdonalds.com, as are reconciliations of any non-GAAP financial measures mentioned on today’s call with their corresponding GAAP measures.

And now I would like to turn it over to Steve. Steve?

Steve Easterbrook

Thank you, Mike. Good morning. I’m pleased with our first quarter business performance as we continue to build momentum and grow customer visits with delicious food, compelling

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