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CLAIM #39087 · McDonald’s Corporation (MCD) · 2023Q4 earnings call · Feb 5, 2024 · due Dec 31, 2024

Obviously, as we head into 2024, knowing inflation has come down a fair bit from its peak. I think, as I said earlier, I think our pricing we certainly expect will come down roughly in line with that as we work through the year.

Ian Borden · CFO

PENDING
graded after results covering Dec 31, 2024 are reported

In context

t continues to do well. So nothing particularly noteworthy that I would say on dayparts, but Ian, maybe you have any other insights to share there. Ian Borden: Yes. You, I think, covered all the bases, Chris, but maybe just a couple of builds. I mean, I think we did see overall pricing for the year just around 10%. But as Chris noted, in the fourth quarter that level of pricing came down, obviously, in line with inflation and was in that high single-digit range. I mean, I think we're continuing to see pretty consistent flow through with pricing, which I think is really important because it goes back to what I've spoken about before with just the tools and capabilities that we've put in place to make sure that when we are taking pricing, we're doing that in the most effective way possible. Obviously, as we head into 2024, knowing inflation has come down a fair bit from its peak. I think, as I said earlier, I think our pricing we certainly expect will come down roughly in line with that as we work through the year. We certainly know consumers are more weary or weary of pricing, and we're going to continue to be consumer led in our pricing decisions as we kind of look forward to 2024 and knowing that the environment will continue to be competitive. We'll be thoughtful together with our franchisees, obviously, who make those decisions in their own restaurants as we look forward. Mike Cieplak: Our next question is from Dennis Geiger with UBS. Dennis Geiger: Great. Thanks you. Chris, wanted to just follow up on some of the color you just gave on the U.S. consumer and then some of that lower-income consumer, I think, managing the check a little bit. Just curious if you could elaborate anything more there on the consumer in the U.S. And is that check management largely been consistent with what you've see

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