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On August 3, 2026, Joseph M. Erlinger, Executive Vice President and President of McDonald's USA, notified the company of his intention to leave his role effective August 4, 2026. He will serve in an advisory role until early 2027 to facilitate an orderly transition, with no change to his compensation. The Board appointed Skye Anderson, most recently Chief Operating Officer of McDonald's USA and a 26-year company veteran, to the role effective August 4, 2026.
What each event means for MCD’s sentiment score is part of Tellvest Pro.
Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions.
| Analyst | Firm | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Dennis Geiger | UBS | 7 questions · 0% challenging |
| Jon Tower | Citigroup | 7 questions · 0% challenging |
| David Tarantino | Robert W. Baird | 7 questions · 14% challenging |
| Sara Senatore | Bank of America | 7 questions · 0% challenging |
| Brian Harbour | Morgan Stanley | 7 questions · 29% challenging |
| Lauren Silberman | Deutsche Bank | 7 questions · 0% challenging |
| John Ivankoe | JPMorgan | 7 questions · 14% challenging |
| Jeff Bernstein | Barclays | 6 questions · 17% challenging |
| Dave Palmer | Evercore ISI | 6 questions · 17% challenging |
| Andrew Charles | TD Cowen | 5 questions · 40% challenging |
| Firm | Analysts | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Bank of America | 1 analyst | 7 questions · 0% challenging |
| Citigroup | 1 analyst | 7 questions · 0% challenging |
| Deutsche Bank | 1 analyst | 7 questions · 0% challenging |
| JPMorgan | 1 analyst | 7 questions · 14% challenging |
| Morgan Stanley | 1 analyst | 7 questions · 29% challenging |
| Robert W. Baird | 1 analyst | 7 questions · 14% challenging |
| UBS | 1 analyst | 7 questions · 0% challenging |
| Evercore ISI | 1 analyst | 6 questions · 17% challenging |
Global comps grew 3.8% with system-wide sales up 6% in constant currency as the McValue platform continued driving U.S. traffic and affordability positioning. Adjusted EPS of $2.83 included a $0.13 FX benefit while adjusted operating margin was 46%, with beef inflation pressuring franchisee profitability. Full-year 2026 financial targets were reaffirmed as outlined in February.
Demand | Product Launch | Pricing | Margin | Cost Pressure | Geographic Expansion | Macroeconomic | Innovation & R&D | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 6 | 2 | 2 | 3 | 2 | 1 | 2 | |
| 2025Q1 | 6 | 5 | 4 | 2 | 2 | 2 | ||
| 2025Q2 | 6 | 4 | 2 | 2 | 1 | 2 | 1 | 1 |
| 2025Q3 | 7 | 2 | 4 | 2 | 2 | 2 | 2 | 1 |
| 2025Q4 | 2 | 4 | 3 | 2 | 1 | 1 | 3 | |
| 2026Q1 | 4 | 2 | 2 | 3 | 4 | 1 | 3 | 1 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Demand | 6 | 6 | 6 | 7 | 2 | 4 |
| Product Launch | 2 | 5 | 4 | 2 | 4 | 2 |
| Pricing | 2 | 4 | 2 | 4 | 3 | 2 |
| Margin | 3 | 2 | 2 | 2 | 2 | 3 |
| Cost Pressure | 2 | 1 | 2 | 4 | ||
| Geographic Expansion | 1 | 2 | 2 | 2 | 1 | 1 |
| Macroeconomic | 2 | 1 | 2 | 1 | 3 | |
| Innovation & R&D | 2 | 1 | 1 | 3 | 1 |
Calendar quarter Q1 2026Earnings call May 7, 2026
FY2026 Q1 in brief
Global comps grew 3.8% with system-wide sales up 6% in constant currency as the McValue platform continued driving U.S. traffic and affordability positioning.
Newest quarter FY2026 Q2 is part of Pro · see what Pro adds →
Sources. Tellvest earnings-call sentiment score for McDonald's Corporation (MCD), FY2026 Q1: 7/10. Scores: McDonald's Corporation’s public earnings-call transcripts and SEC-reported results — the base band is anchored to reported GAAP revenue growth; transcript, EPS and guidance adjustments are applied separately (documented exceptions apply to a few issuers). Price: MCD daily closing prices for the trailing year; dots mark earnings calls, colored by that quarter’s score; the newest quarter’s score is part of Tellvest Pro. How to read a company earnings-call score.
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $6.39B | -0.3% | $2.80 | 0.0% | 44.9% | 31.6% | $1.82B |
| FY2025 Q1 | $5.96B | -3.5% | $2.60 | -2.3% | 44.5% | 31.4% | $1.88B |
| FY2025 Q2 | $6.84B | +5.4% | $3.14 | +12.1% | 47.2% | 32.9% | $1.25B |
| FY2025 Q3 | $7.08B | +3.0% | $3.18 | +1.6% | 47.4% | 32.2% | $2.42B |
| FY2025 Q4 | $7.01B | +9.7% | $3.03 | +8.2% | 45.0% | 30.9% | $1.64B |
| FY2026 Q1Selected | $6.52B | +9.4% | $2.78 | +6.9% | 44.3% | 30.4% | $1.73B |
| FY2026 Q2 | $7.10B | +3.7% | $3.32 | +5.7% | 47.0% | 33.3% | — |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
GAAP revenue YoY +9.44% → base 7. The base score is anchored to the GAAP revenue YoY band before transcript, EPS, and guidance adjustments.
What MCD and other companies said about each other on FY2026 Q1 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“For example, we very soon have a partnership with McDonald’s in China.”
Duolingo cited an upcoming brand partnership with McDonald's in China, a signal on McDonald's using tie-ins with a high-engagement consumer app to build brand relevance in that market.
“We have a fantastic and very long-standing partnership with McDonald's, and that's intact, right?”
Coca-Cola reaffirms its long-standing foodservice partnership with McDonald's as intact despite news of McDonald's adding Red Bull.
“there were some things that we needed to do in partnership with Red Bull to be able to meet the demand that didn't line up perfectly with this May launch”
McDonald's is partnering with Red Bull to add Red Bull-infused energy drinks to its new US beverage platform, with supply readiness timing pushing that portion past the May launch.
“we launched the KPop Demon Hunters partnership with Netflix, a campaign built for a more digitally native customer”
McDonald's ran a Happy Meal marketing partnership with Netflix's KPop Demon Hunters IP, leveraging Netflix content for a digitally native customer campaign.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
MCD McDonald's Corporation | 7 | +9.4% | |
| CAVA CAVA Group, Inc. | 8 | +20.9% | |
| CMG Chipotle Mexican Grill | 5 | +7.4% | |
| DPZ Domino's | 5 | +3.5% | |
| DRI Darden Restaurants | 5 | +5.9% | |
| SBUX Starbucks | 9 | +8.8% | |
| YUM Yum! Brands | 9 | +15.2% |