MAAT INDEX

CLAIM #39115 · McDonald’s Corporation (MCD) · 2024Q2 earnings call · Jul 29, 2024 · due Dec 31, 2024

And so from our vantage point, the 1,000 restaurants per year base that we've been on, we're still working toward that number in 2024.

Chris Kempczinski · CEO

PENDING
graded after results covering Dec 31, 2024 are reported

In context

e of consumer industries, the consumer being very, very much deal seeking. In fact, we're seeing a lot of switching behavior in terms of just consumers, whatever is the best deal. That's where they end up going. Positively in that environment, one, we're holding share. So our business in China is holding share. And the second thing that I would say is that we are still seeing good returns on our new unit openings. So there's, from our vantage point, a lot of runway around growth on new units. And we are laser-focused on the returns that we get from new units. If those were to ever dip below what we would consider to be an acceptable return threshold. We would certainly relook at our opening pace in China. But right now, what we're seeing is that the returns on new openings are holding up. And so from our vantage point, the 1,000 restaurants per year base that we've been on, we're still working toward that number in 2024. Joe Erlinger: Jeff, I might just hook on to Chris because I just want to -- I know you were asking about France, but I think it is important just to kind of reinforce a little bit of what we touched on earlier, which is, I mean, I think the external trends and pressures that we're seeing on the industry on the consumer, I think, are broad-based across IOM. I think consumers are being, as you've heard us say earlier, more discerning about where, when and what they eat. And I would say we don't expect significant changes in that environment for the next few quarters. So obviously, as you've heard us talk a lot about, we're kind of laser-focused on this forensic review of kind of our value and affordability positioning in each of our key markets. We're going to position ourselves to win, and

Verify independently

SEC filings for MCD · Claim quote is verbatim from the 2024Q2 earnings call.