Reference no: EM133227851
Case assignment
Read the Earnings Press Release and listen in on the conference call available in the Recent Events section of the Investor Relations portion of the McDonald's Corporation website. The webcast you are to listen to is called 'McDonald's Q2 2022 Earnings Conference Call'. Click on the link to be directed to the call. if you cant access the previous link, click the following link to access the call transcript
Part 1) Review of press release and 10-Q relating to Q2 2022 financial performance
Compare the information included in the Press Release for Q2 2022 with that in second quarter Form 10-Q. Describe briefly the type of additional information that is included in the Form 10-Q beyond that in the Press Release.
Do either of the documents include information about management guidance or its outlook for future periods? If so, describe which items are forecasted and for which future period(s).
Part 2) Earnings announcement and the conference call with analysts
Who are the key players on the conference call?
a-Which members of McDonald's management team were involved on the call? What are their roles with the company? Which played a more active role in the call? Which do you think added the best insights when answering the analysts' questions?
b-Which other members of management do you think would have been helpful to have on the call? What types of information or insights do you think these additional participants might have been able to provide? Be specific.
2- What information was relayed in press release and earnings presentation and in the executive team's discussion of the results during the call?
a-What were the key financial performance metrics that McDonald's management emphasized when presenting the results of the quarter in the accompanying press release or in presentation portion of the conference call? You should include at least 3 metrics.
b-Summarize McDonald's performance for the quarter on each of the key metrics discussed in part (a). How does performance for each of the three metrics compare to the results for the metric for the 2nd quarter of last year (i.e., Q2, 2021)?
c-What do each of these metrics tell you about McDonald's performance (i.e., what do they reveal and why are they useful metrics)? Which of the metrics do you find to be the most useful and meaningful in evaluating McDonald's performance and why? Be specific.