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CLAIM #39016 · McDonald’s Corporation (MCD) · 2023Q1 earnings call · Apr 25, 2023 · due Dec 31, 2023

one of the things that gives our system confidence is the top line performance because there's an understanding that what we're dealing with right now from an inflation standpoint that, that is going to improve. Certainly, our expectation is it's going to improve as the year unfolds.

Chris Kempczinski · CEO

CANNOT_DETERMINE
versus commitment · official band 5 percent
Committed
our expectation is it's going to improve as the year unfolds
Reported
knowing inflation has come down a fair bit from its peak

In context

Accelerating the Arches strategy, there's a lot of consistency and how those are being brought to life for our system. And we feel really good also, as Chris highlighted, just about the focus on execution, which is coming to life across every part of our business and how that's translating into a better experience. And we're seeing really good consistency in that, feedback from our customers and the improvement in the customer satisfaction scores that we're seeing. And so I think that's really what's behind. I think the consistency of results is when our system gets focused on the opportunity ahead of it and brings that to life with a lot of execution and discipline. I think that's what drives the consistency in our performance. Chris Kempczinski: The only thing I would add is, certainly, one of the things that gives our system confidence is the top line performance because there's an understanding that what we're dealing with right now from an inflation standpoint that, that is going to improve. Certainly, our expectation is it's going to improve as the year unfolds. And so when you have this kind of strong top line momentum and you're working your way through inflation, ultimately, you start to see the benefits of that. And one of the things that we're seeing in the U.S., the U.S. has slipped back to being cash flow positive for our franchisees in quarter 1. 2022 was more challenging for them from a cash flow standpoint. But again, when you have a strong top line and you're working your way through inflation, you can be pretty confident, you can be very confident that you're going to get back to the cash flow growth that our system expects. And so we feel good about that sort of message is what keeps the system aligned for the long-term. Mike Cieplak: Our next question is from Brian Harbour with Morgan Stanley. Brian Harbour: Good morning, thank you.

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SEC filings for MCD · Claim quote is verbatim from the 2023Q1 earnings call.