McDonald's (MCD) Q3 2011 Earnings Call October 21, 2011 11:00 am ET Executives James A. Skinner - Vice Chairman, Chief Executive Officer and Chairman of Executive Committee Peter J. Bensen - Chief Financial Officer and Corporate Executive Vice President Kathy Martin - Analysts Jon Tower - Morgan Stanley, Research Division Sara H. Senatore - Sanford C. Bernstein & Co., LLC., Research Division Keith Siegner - Crédit Suisse AG, Research Division Nicole Miller Regan - Piper Jaffray Companies, Research Division David Palmer - UBS Investment Bank, Research Division Ronald J. Hottovy - Morningstar Inc., Research Division Gregory R. Badishkanian - Citigroup Inc, Research Division Jeffrey F. Omohundro - Wells Fargo Securities, LLC, Research Division Andrew M. Barish - Jefferies & Company, Inc., Research Division Matthew J. DiFrisco - Lazard Capital Markets LLC, Research Division Mitchell J. Speiser - Buckingham Research Group, Inc. John W. Ivankoe - JP Morgan Chase & Co, Research Division Michael Kelter - Goldman Sachs Group Inc., Research Division Brian J. Bittner - Oppenheimer & Co. Inc., Research Division Jeffrey Andrew Bernstein - Barclays Capital, Research Division Joseph T. Buckley - BofA Merrill Lynch, Research Division David E. Tarantino - Robert W. Baird & Co. Incorporated, Research Division Jason West - Deutsche Bank AG, Research Division PresentationOperator
Hello, and welcome to McDonald's October 21, 2011 Investor Conference Call. As a request from McDonald's Corporation, this conference is being recorded. [Operator Instructions] I'd now like to turn the conference over to Ms. Kathy Martin, Vice President of Investor Relations for McDonald's Corporation. Ms. Martin, you may begin. Kathy Martin Good morning, everyone, and thank you for joining us. With me on the call today are our Chief Executive Officer, James Skinner; and our Chief Financial Officer, Pete Benson. Today's conference call is being webcast live and recorded for replay via phone, webcast and podcast.