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McDonald's Corporation (NYSE:MCD ) Q1 2025 Earnings Conference Call May 1, 2025 8:30 AM ET Company Participants Dexter Congbalay - VP, IR Chris Kempczinski - Chairman & CEO Ian Borden - CFO Conference Call Participants Dennis Geiger - UBS David Palmer - Evercore David Tarantino - Baird Brian Harbour - Morgan Stanley Andrew Charles - TD Cowen Sara Senatore - Bank of America Jon Tower - Citi John Ivankoe - JPMorgan Lauren Silberman - Deutsche Bank Greg Francfort - Guggenheim Danilo Gargiulo - Bernstein Eric Gonzalez - KeyBanc Jeffrey Bernstein - Barclays Operator Hello, and welcome to McDonald's First Quarter 2025 Investor Conference Call. At the request of McDonald's Corporation, this conference is being recorded.