Question · Q4 2025
Dave Palmer (Evercore) asked about McDonald's increasing momentum and pipeline of ideas, specifically in beverages, chicken, and value refinement. He also inquired about foundational changes beyond the tech stack, such as kitchen innovations or an 'experience of the future version two.'
Answer
Chairman and CEO Chris Kempczinski stated that new capabilities like the loyalty platform (210 million 90-day active users) and a common tech stack enable faster deployment of solutions. He mentioned exploring AI and GLP-1 impacts. Executive Vice President and President of International Operated Markets Jill McDonald added that the new category management structure (beef, beverages, chicken) is accelerating product innovation and execution, with positive consumer reactions to new news like the U.S. beverage test.
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MCD's earnings beat/miss a week before the call