McDonald's Corporation (MCD) CEO Chris Kempczinski on Q1 2022 Results - Earnings Call Transcript

McDonald's Corporation (NYSE:MCD) Q1 2022 Earnings Conference Call April 28, 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 - Robert W. Baird

David Palmer - Evercore

Dennis Geiger - UBS

John Glass - Morgan Stanley

Andrew Charles - Cowen

Eric Gonzalez - KeyBanc

Lauren Silberman - Credit Suisse

Jeff Bernstein - Barclays

Sara Senatore - Bank of America

John Ivankoe - JPMorgan

Nicole Miller Regan - Piper Sandler

Chris Carril - RBC

Brian Mullan - Deutsche Bank

Jon Tower - Citi

Jared Garber - Goldman Sachs

Operator

Hello and welcome to McDonald's First 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. Mr. Cieplak you may begin.

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 are 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 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. A few weeks ago I had the privilege of welcoming more than 13,000 members of global McDonald's family, franchisees, restaurant teams, suppliers and company employees to our first in-person worldwide convention in four years.

The sense of optimism and pride in our brand coupled with excitement for our future was overwhelming. We celebrated how far we've come together and united around how much further we can go together in the years ahead. Through it all, the message has been singular and clear there has never been a better time to be part of brand McDonald's. This was reaffirmed on our road to convention as our senior leadership team participated in a series of market visits to meet with and hear from restaurant teams in person. I look forward to continuing to visit more teams around the world in the coming months to see how they are bringing our strategy to life in our restaurants.