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CLAIM #38956 · McDonald’s Corporation (MCD) · 2022Q2 earnings call · Jul 26, 2022 · due Dec 31, 2022

But in general, the international side will get hit a little bit harder than the US and it will last a little bit longer later in the year than the US right now.

Kevin Ozan · CFO

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versus commitment · official band 5 percent
Committed
the international side will get hit a little bit harder than the US and it will last a little bit longer later in the year than the US right now
Reported
I don't think we think inflation will -- in Europe we will start to ease probably until mid-2023

In context

tional side, right now, the range is probably similar on average, the 12% to 14% for the year, but a couple of things there. One, we're probably at the higher end of that range on the international side. Two, there's probably a wider range of scenarios like Chris talked about. And three, different than the US, we don't see that moderating. Their increases will actually likely be higher in the third and fourth quarter than they were in the first and second quarter. So, to your point, Europe is getting hit harder on the inflation, certainly on the food and paper. The other thing I would just say, it certainly varies by country. You have some countries that are getting hit dramatically by energy prices based on kind of Russian oil, etcetera. And so, it really is a country-by-country dynamic. But in general, the international side will get hit a little bit harder than the US and it will last a little bit longer later in the year than the US right now. Chris Kempczinski: Yes. To answer your second question in terms of what I think are the biggest priorities over the next few years, if I use our MCD framework under Accelerating the Arches and start with the M, I think we have an opportunity to continue to improve on the marketing front and just get more consistently excellent around the world from a creative standpoint. Jill McDonald is going to be a part of helping to do that. I think we've made a lot of progress in the US. I think there are still opportunities for us to improve our creative in some of our international markets. So that's one area. Second is, as you move to the scene and core menu chicken, for us continues to be, I think, a significant opportunity for us to improve our chicken portfolio. And we've got some great global

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SEC filings for MCD · Claim quote is verbatim from the 2022Q2 earnings call.