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McDonald's Corporation (MCD) CEO Steve Easterbrook on Q3 2019 Results - Earnings Call Transcript

Oct. 22, 2019 5:30 PM ETMcDonald's Corporation (MCD)
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McDonald's Corporation (NYSE:MCD) Q3 2019 Earnings Conference Call October 22, 2019 11:00 AM ET

Company Participants

Mike Cieplak - Investor Relations Officer

Steve Easterbrook - President and CEO

Kevin Ozan - CFO

Conference Call Participants

Eric Gonzalez - KeyBanc

Andrew Charles - Cowen

Katie Fogertey - Goldman Sachs

Sara Senatore - Bernstein

David Palmer - Evercore

John Glass - Morgan Stanley

John Ivankoe - JPMorgan

David Tarantino - Baird

Matt DiFrisco - Guggenheim

Chris O'Cull - Stifel

Brian Bittner - Oppenheimer


Hello and welcome to McDonald's Third Quarter 2019 Investors Conference Call. At the request of McDonald's Corporation, this conference is being recorded. [Operator Instructions]

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

Mike Cieplak

Good morning, everyone, and thank you for joining us. With me on the call this morning are President and Chief Executive Officer, Steve Easterbrook; and Chief Financial Officer, Kevin Ozan.

I want to remind everyone that the forward-looking statements in our earnings release and 8-K filing also apply to our comments on the call today. Both of those documents are available on our website as are reconciliations of any non-GAAP financial measures mentioned on today's call with their corresponding GAAP measures. Following prepared remarks this morning we will turn the call over for your questions. I ask that you please limit yourself to one question and if you have more than one, please ask your most preference first and then re-enter the queue.

Today's conference call is being webcast and is also being recorded for replay via our website.

And now, I'll turn it over to Steve.

Steve Easterbrook

Good morning and thank you for joining us. Broad based momentum across our markets resulted in a 5.9% increase in global

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