McDonald's Corporation (NYSE:MCD) Q4 2023 Earnings Conference Call February 5, 2024 8:30 AM ET
Company Participants
Mike Cieplak - IR
Chris Kempczinski - President and CEO
Ian Borden - CFO
Conference Call Participants
David Palmer - Evercore
John Ivankoe - JPMorgan
Jeffrey Bernstein - Barclays
David Tarantino - Baird
Eric Gonzalez - KeyBanc
Brian Harbour - Morgan Stanley
Sara Senatore - Bank of America
Christopher Carril - RBC Capital Markets
Lauren Silberman - Deutsche Bank
Operator
Hello, and welcome to McDonald's Fourth Quarter 2023 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, Ian Borden.
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 then re-enter the queue for any additional question. Today's conference all is being webcast and is also being recorded for replay via our website.
And now, I turn it over to Chris.
Chris Kempczinski
Thank you, and good morning, everyone. When we gathered at this time last year we shared the despite a challenging operating environment McDonald's continued to deliver historically high levels of growth. While macroeconomic pressures persisted throughout 2023, the resilience and power of our system was on full display, and we are heading into the new year in a position of strength.
In 2023, we achieved global comp sales growth of 9%. Delivered comp guest count performance of nearly 3% globally with positive traffic across each of our segments, and maintained our leading market share across most of our major markets. These results are a credit to the tireless dedication of the entire McDonald's system. The over 2 million talented people working in our restaurants, the industry's best franchisees and our world-class network of suppliers around the world, all executing with excellence and with an unwavering commitment to serving our customers and local communities.