“On commodity costs, just to be clear, because we've reiterated our guidance and part of the assumptions that went into the guidance that we issued at the beginning of the year was obviously commodity inflation from a food and paper perspective, which in the U.S., we expect to be in the low to mid-single-digit range and in IOM mid-single digits.”

How to check this claim

Look at: Food and paper commodity cost inflation, US segment and IOM (International Operated Markets) segment, full fiscal year

It came true if: US commodity inflation between 2% and 6% (low-to-mid single digits); IOM commodity inflation between 4% and 6% (mid single digits)

Where: Company commentary on commodity/food & paper costs in 10-K or Q4/full-year earnings call

Verify independently

SEC filings for MCD ↗ · Claim quote is verbatim from the 2026Q1 earnings call.