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McDonald’s Corporation (MCD) Q2 2026 Earnings Call Transcript

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McDonald’s Corporation (MCD) Q2 2026 Earnings Call August 4, 2026 8:30 AM EDT

Company Participants

Dexter Congbalay – Vice President of Investor Relations
Christopher Kempczinski – Chairman President, & CEO
Ian Borden – Executive VP & Global CFO

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Conference Call Participants

David Palmer – Evercore ISI Institutional Equities, Research Division
Dennis Geiger – UBS Investment Bank, Research Division
Brian Harbour – Morgan Stanley, Research Division
John Ivankoe – JPMorgan Chase & Co, Research Division
Sara Senatore – BofA Securities, Research Division
David Tarantino – Robert W. Baird & Co. Incorporated, Research Division
Jon Tower – Citigroup Inc., Research Division
Lauren Silberman – Deutsche Bank AG, Research Division

Presentation

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Operator

Hello, and welcome to McDonald’s Second Quarter 2026 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 Mr. Dexter Congbalay, Vice President of Investor Relations for McDonald’s Corporation. Mr. Congbalay, you may begin.

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Dexter Congbalay
Vice President of Investor Relations

Good morning, everyone, and thank you for joining us. With me on the call today are Chairman 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 reenter the queue for any additional questions. Today’s conference call is being webcast and is also being recorded for replay via our website.

And now I’ll turn it over to Chris.

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Christopher Kempczinski
Chairman President, & CEO

Good morning, everyone, and thank you for joining us. Before Ian

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