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CLAIM #38939 · McDonald’s Corporation (MCD) · 2022Q1 earnings call · Apr 28, 2022 · due Jun 30, 2022

So from a modeling perspective, second quarter I think it's fair to use what we've said related to kind of the ongoing costs.

Kevin Ozan · CFO

PENDING
graded after results covering Jun 30, 2022 are reported

In context

not looking at. But I'll just leave it at that and let Kevin answer any of the modeling questions. Kevin Ozan: Yeah. I mean just from near-term modeling, I think we've talked about kind of a right now we continue to pay our employees, our landlords, some supply chain costs and that run rate is roughly $50 million is probably a little bit higher than that right now, partly because the Russian ruble has strengthened. So it could be $55 million or so. But that's kind of a monthly run rate right now for keeping the infrastructure going to Chris's point and what we've said is by us making a decision by the end of the second quarter, something will likely happen after that that will either change infrastructure one way or the other of changing kind of the way we think about this going forward. So from a modeling perspective, second quarter I think it's fair to use what we've said related to kind of the ongoing costs. Going forward, after second quarter, we'll certainly depend on where we end up and what option and what our -- what we announced by the end of the second quarter. I think we have talked about obviously the impact or the relevant size of the -- both Russia and Ukraine from a sales operating income et cetera perspective. Mike Cieplak: Our next question is from Lauren Silberman with Credit Suisse. Lauren Silberman: Thank you. I wanted to ask with regards to the worldwide convention. So performance is really strong over the last couple of years. Franchisee is also facing a lot of challenges. Can you talk about some uncertainty in the consumer environment? So can you just talk about sentiment among franchisees at the convention biggest takeaways or learnings from your conversations priorities

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SEC filings for MCD · Claim quote is verbatim from the 2022Q1 earnings call.