McDonald's' CEO Discusses Q1 2012 Results - Earnings Call Transcript

McDonald's (MCD)

Q1 2012 Earnings Call

April 20, 2012 10:00 am ET

Executives

Kathy Martin -

James A. Skinner - Vice Chairman, Chief Executive Officer and Chairman of Executive Committee

Donald Thompson - President, Chief Operating Officer and Director

Peter J. Bensen - Chief Financial Officer and Executive Vice President

Analysts

David Palmer - UBS Investment Bank, Research Division

David E. Tarantino - Robert W. Baird & Co. Incorporated, Research Division

Jason West - Deutsche Bank AG, Research Division

Andrew M. Barish - Jefferies & Company, Inc., Research Division

Jeffrey Andrew Bernstein - Barclays Capital, Research Division

John S. Glass - Morgan Stanley, Research Division

Matthew J. DiFrisco - Lazard Capital Markets LLC, Research Division

Joseph T. Buckley - BofA Merrill Lynch, Research Division

Sara H. Senatore - Sanford C. Bernstein & Co., LLC., Research Division

John W. Ivankoe - JP Morgan Chase & Co, Research Division

Keith Siegner - Crédit Suisse AG, Research Division

Steve Marrs - Citizens Business Bank

Howard W. Penney - Hedgeye Risk Management LLC

Presentation

Operator

Hello, and welcome to McDonald's April 20, 2012, Investor Conference Call. At the request of McDonald's Corporation, this conference is being recorded. [Operator Instructions] I would 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

Thank you, and good morning, everyone. With me on the call are: Chief Executive Officer Jim Skinner; Chief Operating Officer Don Thompson; and Chief Financial Officer Pete Bensen. Today's conference call is being webcast live and recorded for replay via phone, webcast and podcast.

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