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Annual Report 2009

Financial Highlights

CEO Letter to Shareholders

Letter from the Chairman

Financial Report

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McDonald’s Corporation Annual Report 2009

INTRO

Table of Contents

Financial Highlights

CEO Letter to Shareholders
Letter from the Chairman

Financial Report

Financial Highlights

McDonald’s Corporation Annual Report 2009

CEO Letter to Shareholders

Letter from the Chairman

Financial Report
INTRO

2009 Highlights:
Comparable Sales Growth

3.8 9
$ %%

Earnings Per Share Growth

Total Cash Returned to Shareholders 2007—2009

16.6

Billion

Financial Highlights

McDonald’s Corporation Annual Report 2009

CEO Letter to Shareholders

Letter from the Chairman

Financial Report

1 of 4

To Our Valued Shareholders:

To state the obvious, 2009 was a tumultuous year economically.
Despite this tough environment, McDonald’sdelivered another exceptional year of growth, posting strong sales and increased market share around the world. In 2009, global comparable sales increased 3.8 percent, fueled by solid gains in the United States (+2.6 percent), Europe (+5.2 percent), Asia/Pacific, Middle East and Africa (+3.4 percent), Latin America (+5.3 percent) and Canada (+5.8 percent). Earnings per share for the yearincreased 9 percent to $4.11 (13 percent in constant currencies), while consolidated operating income increased 6 percent (10 percent in constant currencies). We also returned $5.1 billion to shareholders through share repurchases and dividends paid, bringing our three-year cash return total to $16.6 billion—notably at the high end of our stated target of $15 to $17 billion for the years 2007 through2009. Concerning McDonald’s performance, there are three milestones that I want to recognize: First, our 2009 comparable sales increase marked the sixth consecutive year of positive sales in every geographic segment of our business. Second, our increasingly relevant menu options, combined with clear competitive advantages in convenience and value, enabled us to serve 60 million customers per day lastyear. This is up 2 million from the prior year and a remarkable 14 million more per day compared to 2002.

Third, as a result of these sustained operating results, McDonald’s total stock return for the three-year period ending in 2009 was ranked number one among the 30 blue-chip companies that comprise the Dow Jones Industrial Average. These singular achievements relate directly to our historicdecision in 2003 to reinvent McDonald’s by becoming “better, not just bigger.” I say historic because we could not have made a more wise decision for our System than to implement our Plan to Win and refocus our efforts on restaurant execution—with the goal of improving the overall experience for our customers. There is nothing profound about our Plan to Win. It essentially identifies the five coredrivers of our business— people, products, place, price and promotion—and aligns our industry-leading owner/operators, world-class suppliers and talented, experienced employees around initiatives that drive results.

Jim Skinner Vice Chairman and CEO

Operating Income (In billions)

3-year Compound Annual Total Return (2007–2009)

* Includes $1.7 billion of charges related to the LatinAmerica developmental license transaction.

Financial Highlights

McDonald’s Corporation Annual Report 2009

CEO Letter to Shareholders

Letter from the Chairman

Financial Report

2 of 4

As we survey the business and competitive landscape today, it’s clear our investment in the Plan to Win has paid off. We are operating from a position of strength and continue to become more...
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