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

Jan. 27, 2022 12:27 PM ETMcDonald's Corporation (MCD) StockMCD
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Q4: 2022-01-27 Earnings Summary

EPS of $2.23 misses by $0.11
 | Revenue of $6.01B (13.08% Y/Y) misses by $19.20M

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

Operator

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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