CLAIM #38972 · McDonald’s Corporation (MCD) · 2022Q3 earnings call · Oct 27, 2022 · due Dec 31, 2023
“So I think that for us, as we look out forward, it gives us confidence that, yes, we're going to continue to have inflation into 2023, both food and paper as well as labor, but we like our position relative to competitors in terms of where we stand.”
Chris Kempczinski · CEO
In context
“rive-thru and what we're describing as the 3Ds. So I think that's been one broad-based change that we've seen. I do think that because of the environment that we're in right now and the investments that we've made previously, we feel very good about sort of what is the McDonald's value proposition. And it shows up when we look at consumer scores around value for money, affordability we see in the U.S. that we continue to lead in this, and it's allowed us to push through some of this pricing. But I think because of the strength of the brand and the proposition as evidenced by the results, the consumers are willing to tolerate it. And I think they're willing to do that because of, again, all the other things that we've done to just strengthen our offering, the brand proposition, et cetera. So I think that for us, as we look out forward, it gives us confidence that, yes, we're going to continue to have inflation into 2023, both food and paper as well as labor, but we like our position relative to competitors in terms of where we stand. Mike Cieplak: Our next question is from Eric Gonzalez with KeyBanc. Eric Gonzalez : My question is on the U.S. business. You're clearly gaining share and executing its what is certainly not the easiest macro environment. So just wondering if you could isolate maybe the one or two things that you're doing better than your peers and discuss why you believe that. Is it staffing, your ability to hire, retain talent? Is this about real estate perhaps speed of service or maybe any other factors that you think you have contributed to your relative performance gap versus peers. Chris Kempczinski: Yeah. I'm going to maybe take you back to where we were several years ago in the U.S., where we talked talk about, and we were in a different time and performance was in a little different place. And we”
Verify independently
SEC filings for MCD ↗ · Claim quote is verbatim from the 2022Q3 earnings call.