CLAIM #39196 · McDonald’s Corporation (MCD) · 2025Q1 earnings call · May 1, 2025 · due Sep 30, 2025
“But I think until we get to quarter three this year, you're going to continue to see a bit of that mix play in check and margin until we get more comparable.”
Ian Borden · CFO
In context
“we've been doing in the U.S. and we're kind of in this non-comparable period is, we've obviously responded to the kind of needs of the consumer, and we've put stronger value and affordability in place. If you remember, the $5 Meal went in place at the end of June in 2024. And so, there certainly is -- until we kind of get more comparable, there is a bit of a mix adjustment. Obviously, the purpose of that mix adjustment, as Chris was talking to is, we want to drive stronger underlying momentum in the business. We want to drive guest count led growth. And then, as you get that guest count led growth and you start complementing that with things like Minecraft or Chicken Strips, you get the check growth, the profit growth, which is obviously the kind of total outcome that you're looking for. But I think until we get to quarter three this year, you're going to continue to see a bit of that mix play in check and margin until we get more comparable. Dexter Congbalay: Our next question is from Andrew Charles from TD Cowen. Andrew Charles: Great. Thank you. Ian, last quarter, you talked about moderate U.S. same-store sales embedded within your 2025 U.S. McOpCo outlook. And I'm curious just following 1Q's challenged performance and your cautious view on the consumer, but couple that with the sharp improvement in April sales, if moderate U.S. same-store sales growth still holds for 2025, or has your embedded assumption changed? And maybe just quickly, if you could also touch on your expectations for 2025 U.S. McOpCo margins, that would also be helpful. Ian Borden: Yeah, I think -- Good morning, Andrew. I think what I would say is, I think on margins, I think we continue to believe if we use McOpCo margins as the example in the U.S. for t”
Verify independently
SEC filings for MCD ↗ · Claim quote is verbatim from the 2025Q1 earnings call.