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CLAIM #39078 · McDonald’s Corporation (MCD) · 2023Q4 earnings call · Feb 5, 2024 · due Dec 31, 2024

our outlook is, so long as this conflict, this war is going on, we're not making any plans, we're not expecting to see any significant improvement in this.

Chris Kempczinski · CEO

CANNOT_DETERMINE
versus commitment · official band 5 percent
Committed
so long as this conflict, this war is going on, we're not making any plans, we're not expecting to see any significant improvement in this
Reported
the positive sales comp largely reflected lapping the impact of the war that began in October of 2023

In context

our question about the Middle East. Obviously the place that we are seeing the most pronounced impact is in the Middle East, we are seeing some impact in other Muslim countries like Malayasia, Indonesia. And then as far as IOM impact, it depends on the country. So in a country, for example France that has a larger Muslim population, we are seeing some impact in France. It depends very much on where the restaurant is located and if it's in a Muslim area. But we are seeing some impact there. And then in other countries, like Spain, like in Italy, we're seeing no impact. So it really depends very much on the country. But, as I said, the most pronounced impact that we're seeing is in the Middle East and in Muslim countries like Indonesia and Malaysia. Also, as we said in our prepared remarks, our outlook is, so long as this conflict, this war is going on, we're not making any plans, we're not expecting to see any significant improvement in this. It's a human tragedy what's going on, and I think that that does weigh on brands like ours. Back to your other question about potentially a reacceleration as we also said in the prior remarks and we also talked about it at Investor Day, we're expecting 2024 to be normalizing comp sales growth in that kind of 3% to 4% range, which is, where we've been more historically. So, we certainly had great performance over whether you look at it on a two-year horizon, a four-year horizon, 30 plus percent on a four-year horizon, call it 14% or so on a two-year horizon. So, feel great about that, but I think we are moving into 2024 that’s going to look more like what you would have considered a typical year prior to COVID and all the things that have gone on. Mike Cieplak: Our next question is from Jo

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SEC filings for MCD · Claim quote is verbatim from the 2023Q4 earnings call.