McDonald's (MCD) CEO Steve Easterbrook on Q4 2017 Results - Earnings Call Transcript

McDonald's Corp. (NYSE:MCD) Q4 2017 Earnings Conference Call January 30, 2018 11:00 AM ET

Executives

Michael Flores - IR
Steve Easterbrook - President and CEO
Kevin Ozan - CFO

Analysts

David Palmer - RBC
Brian Bittner - Oppenheimer
Andrew Charles - Cowen
Sara Senatore - Bernstei
Chris O'Cull - Stifel
David Tarantino - Baird
Jeff Bernstein - Barclays
Brett Levy - Deutsche Bank
John Glass - Morgan Stanley

Operator

Hello, and welcome to McDonald's January 30, 2018, 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 Flores, Investor Relations Officer for McDonald's Corporation. Mr. Flores, you may begin.

Michael Flores

Hello, everyone, and thank you for joining us. With me on the call today are our President and Chief Executive Officer, Steve Easterbrook; and Chief Financial Officer, Kevin Ozan.

Today's conference call is being webcast live and recorded for replay by webcast. Now before I turn it over to Steve, I want to remind everyone that the forward-looking statements in our earnings release and 8-K filing also apply to our comments today. Both documents are available on investor.McDonalds.com, as or any reconciliations of non-GAAP financial measures mentioned on today's call with their corresponding GAAP measures.

And now, I'd like to turn it over to Steve.

Steve Easterbrook

Thanks, Mike. Good morning, everyone. 2017 was a very strong year of performance for McDonald's. Our results demonstrate we successfully completed the transition from turnaround to growth. Our momentum is broad based across the McDonald's system. There are strong leadership teams in place, our business is fit for purpose and grown platforms underpinning our strategy of residential customers and markets around the world.