McDonald's Investor Webcast Highlights

On Wednesday, McDonald’s Corporation MCD hosted an investor discussion webcast. Highlights from the webcast include:

• The company is currently in “transformational times”
• Says dollar menu has eroded image
• Plans to focus menu on regional market; will take out 8 menu items
• Plans to address labor inflation concerns
• Changes to take place around end of Q1 next year
• Plans to be more “culinary inspired”
• Wants to eliminate image of unhealthy food; lost market share on consumer shift to healthier food
• Still committed to returning $18 - $20 billion to shareholders
• CEO says company is not underperforming in the U.S. now
• Plans to incorporate Apple Pay
• CEO says margins recently suffered mostly due to sales
• Taco Bell breakfast has not hurt sales