CLAIM #39134 · McDonald’s Corporation (MCD) · 2024Q3 earnings call · Oct 29, 2024 · due Jan 31, 2025
“I think you'll see a few more things coming in over the next quarter or so around that so that we are in a position to be best placed in '25 irregardless of the context around us.”
Ian Borden · CFO
In context
“lity proposition right, we're going to win in the environment we're in and we're going to obviously win better, I think than anyone else is doing and we know we can continue to drive better momentum even in those more difficult contexts. I think we're certainly seeing what I'll call some early signs of progress in several of our international markets, where we are seeing that our comp -- guest count or comp traffic gap versus our near-end competitive set is positive, but we want to get that in place in every one of our key international markets. We want that to be as strong as we feel the opportunity exists for it to be and we want to make sure that it's consistent. And so, I think there's more work to do on that front. Obviously, we're continuing to move at pace to get that in place. And I think you'll see a few more things coming in over the next quarter or so around that so that we are in a position to be best placed in '25 irregardless of the context around us. And we're going to obviously continue to measure our performance through, are we taking share irregardless of that environment. I think on G&A, look, obviously, when G&A, the metric is as a percentage of sales and you've got pressure on sales, there's going to be obviously some implied pressure on that G&A metric. I think we are trying to do everything possible. And as you saw, we expect to be able to continue to deliver against our guidance this year. We're doing that obviously because we've got some relief on kind of the incentive-based part of G&A, but we're also being very disciplined in our current year spending in areas like travel, meetings, professional services, all the things that you would expect us to be doing in the current context while continuing to invest obviously in our”
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SEC filings for MCD ↗ · Claim quote is verbatim from the 2024Q3 earnings call.