CLAIM #39051 · McDonald’s Corporation (MCD) · 2023Q3 earnings call · Oct 30, 2023 · due Jun 30, 2024
“So again, I think we've talked about moderation. I think part of that will be pricing if inflation continues to kind of come down as we look forward.”
Ian Borden · CFO
In context
“from our third-party advisers, who obviously make pricing recommendations to our business, including our franchisees, who obviously make their own pricing decisions. And I think the fact that we continue to maintain that leadership position in both value for money and affordability speaks to the fact that even though we've obviously had elevated pricing levels on the back of elevated cost and inflationary pressures, that we have been able to execute that in a way that has minimized, the resistance from the customer and maximize the flow-through that we're getting as a result of those price increases. And I would say our flow-through, continues to kind of be in line with historical norms, which I think speaks to the capability and the position that we've been able to deliver with pricing. So again, I think we've talked about moderation. I think part of that will be pricing if inflation continues to kind of come down as we look forward. Mike Cieplak: Our next question is from Dennis Geiger with UBS. Dennis Geiger: Great. Thank you. I wanted to just ask a bit more on how you're thinking about maintaining that underlying momentum and share gains in the U.S. As you think about some of the key drivers in place across the 3Ds, the operational execution that you're speaking to value the Ready on Arrival, Best Burger, et cetera. Chris, can you sort of impact latest thoughts on some of the most impactful traffic and sales opportunities into next year and even beyond? Thank you. Chris Kempczinski: Great. Well, thanks for the question. I guess I'd start with I look forward to seeing you at December 6, this we'll get into a lot more in that about how we see the outlook for next year and some of the specific things that, we've got p”
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SEC filings for MCD ↗ · Claim quote is verbatim from the 2023Q3 earnings call.