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CLAIM #39042 · McDonald’s Corporation (MCD) · 2023Q2 earnings call · Jul 27, 2023 · due Dec 31, 2023

So I think our guidance remains intact as we stated at the beginning of the year, which is we expect our G&A to be in that 2.2% to 2.3% of sales range. I would say I think I certainly expect that we'll be closer to the higher end versus the lower end of that range, but that's a bit of texture on G&A.

Ian Borden · CFO

PENDING
graded after results covering Dec 31, 2023 are reported

In context

look at how we can digitize, I'll call it, the operational part of our business and drive sustainable efficiencies as we go forward. So we're doing a fair bit of work and investing right now and looking at that opportunity to understand how big is it, what's it going to take to get after it, how should we think about sequencing and prioritizing the investments. Obviously, once you go into those sorts of journeys, there are multiyear journeys and commitments to kind of deliver that sustainable end benefit. But if we think of the kind of the broader environment today, the ability to kind of drive sustainable efficiency, the ability to get data and analytics in a sustainable way, I think, is becoming more important. And we think there's a significant opportunity there that we're looking at. So I think our guidance remains intact as we stated at the beginning of the year, which is we expect our G&A to be in that 2.2% to 2.3% of sales range. I would say I think I certainly expect that we'll be closer to the higher end versus the lower end of that range, but that's a bit of texture on G&A. I think on pricing, I mean, obviously, pricing varies significantly based on the context in the individual markets. So maybe what I can do is just give you a little -- I mean, obviously, pricing remains elevated as inflation more broadly remains elevated in the majority of our markets, maybe a little texture on the US, which is, I think if you look at the second quarter, we were kind of on average at a low double digit level of pricing in the business. I think as we work through the rest of the year, we'll probably end the year in that kind of low double digit range. A lot of the pricing in the second quarter is kind of carryover from 2022 in the US business as we work through that kind of peak inflationary period. And obviously, as I talked about earlier, we're kind of getting those two

Verify independently

SEC filings for MCD · Claim quote is verbatim from the 2023Q2 earnings call.