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

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 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 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. 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. Christopher Kempczinski Chairman President, & CEO Good morning, everyone, and thank you for joining us. Before Ian