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McDonald's Corp (MCD) CEO Christopher Kempczinski on Q4 2021 Results - Earnings Call Transcript

Jan. 27, 2022 12:27 PM ETMcDonald's Corporation (MCD) Stock
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McDonald’s Corp (NYSE:MCD) Q4 2021 Earnings Conference Call January 27, 2022 8:30 AM ET

Company Participants

Mike Cieplak - Senior Director, IR

Christopher Kempczinski - President, CEO & Director

Kevin Ozan - Corporate EVP & CFO

Conference Call Participants

Andrew Charles - Cowen and Company

David Tarantino - Robert W. Baird & Co.

Eric Gonzalez - KeyBanc Capital Markets

John Glass - Morgan Stanley

Dennis Geiger - UBS

Jared Garber - Goldman Sachs Group

Jeffrey Bernstein - Barclays Bank

David Palmer - Evercore ISI

Sara Senatore – Bank of America Merrill Lynch

Lauren Silberman - Crédit Suisse

Christopher Carril - RBC Capital Markets

Brian Bittner - Oppenheimer


Hello, and welcome to McDonald's Fourth Quarter 2021 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 Cieplak, Investor Relations Officer for McDonald's Corporation. Mr. Cieplak, you may begin.

Mike Cieplak

Hello, everyone, and thank you for joining us. With me on the call today are President and Chief Executive Officer, Chris Kempczinski; and Chief Financial Officer, Kevin Ozan.

As a reminder, 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, along with their corresponding GAAP measures.

Following prepared remarks this morning, we will take your questions. [Operator Instructions]. 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 Chris.

Christopher Kempczinski

Thanks, Mike, and good morning, everyone. A little more than a year ago, I said that we were witnessing the beginning

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