McDonald's Corporation (MCD) CEO Chris Kempczinski on Q2 2022 Results - Earnings Call Transcript

McDonald's Corporation (NYSE:MCD) Q2 2022 Earnings Conference Call July 26, 2022 8:30 AM ET

Company Participants

Mike Cieplak - Investor Relations Officer

Chris Kempczinski - President & Chief Executive Officer,

Kevin Ozan - Chief Financial Officer

Conference Call Participants

David Tarantino - Baird

John Glass - Morgan Stanley

Andrew Charles - Cowen

David Palmer - Evercore

Dennis Geiger - UBS

Lauren Silberman - Credit Suisse

John Ivankoe - JPMorgan

Jeff Bernstein - Barclays

Sara Senatore - Bank of America

Jared Garber - Goldman Sachs

Nicole Miller Regan - Piper Sandler

Operator

Ladies and gentlemen, please stand by. Hello, and welcome to the McDonald's Second Quarter 2022 Investor Conference Call. At the request of McDonald's Corporation, this conference is being recorded. Following today’s presentation, there will be a question-and-answer session for investors. [Operator Instructions]

I would now like to turn the conference over to Mr. Mike Cieplak, Investor Relations Officer for McDonald's Corporation.

Mike Cieplak

Good morning, everyone, and thank you for joining us. With me on the call today are President and Chief Executive Officer, Chris Kempczinski; and Chief Financial Officer, Kevin Ozan.

As a reminder, the forward-looking statements in our earnings release and 8-K filing also apply to our comments on the call today. Both of those documents are available on our website as our reconciliations of any non-GAAP financial measures mentioned on today's call, along with their corresponding GAAP measures. Following prepared remarks this morning, we will take your questions. Please limit yourself to one question and reenter the queue for any additional questions. Today's conference call is being webcast and is also being recorded for replay via our website.

And now, I'll turn it over to Chris.

Chris Kempczinski

Thanks, Mike, and good morning, everyone. I'm proud to report that our Q2 performance was yet another demonstration of our broad-based business momentum, with global comp sales up nearly 10%, and most of our major markets continuing to grow market share. One thing is clear. The world continues to move in fast and often unforeseen ways, as it does, the McDonald's –

But before we get into details of the past quarter, I want to offer up a few words about Kevin Ozan, who is joining today's call for the final time as McDonald's Chief Financial Officer. According to, Kevin, this is his 30th earnings call as CFO, but who's counting.