MAAT INDEX

CLAIM #39197 · McDonald’s Corporation (MCD) · 2025Q1 earnings call · May 1, 2025 · due Dec 31, 2025

I think we continue to believe if we use McOpCo margins as the example in the U.S. for this year, for the total year on a percentage basis, we expect to be slightly up on a percentage basis versus where we were in 2024.

Ian Borden · CFO

PENDING
graded after results covering Dec 31, 2025 are reported

In context

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 this year, for the total year on a percentage basis, we expect to be slightly up on a percentage basis versus where we were in 2024. Obviously, as we've talked about a fair bit this morning, there's still a fair bit of uncertainty in the external environment. And as we've talked about, we're obviously focused on what we can control. We feel really good about the lineup of activities that the U.S. business and the U.S. system have got for the rest of the year, including things obviously like Minecraft and Chicken Strips, which are coming to life over the next few days, but the environment around us is uncertain. And as you've heard me say many times before, obviously, margin growth ultimately is going to be driven by strong top line growth, and obviously, that's what we're working hard in regards to the things that are within our control to deliver over the remainder of the year. Dexter Congbalay: Our next question is f

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SEC filings for MCD · Claim quote is verbatim from the 2025Q1 earnings call.