This is the Tagline, edited under "Misc Content"

McDonald's Reports Supplementary 2002 Financial Data and January 2003 Sales

Feb 12, 2003

McDonald's Corporation today announced 2002 financial information which supplements the operating results released on January 23, 2003, and announced January 2003 Systemwide sales.(1)

   -- Cash generated from operations totaled $2.9 billion in 2002,
      exceeding capital expenditures of $2.0 billion.  The Company's
      substantial cash flow from operations was used to build and reinvest
      in restaurants, pay dividends and repurchase shares.  The Company
      purchased $687 million of McDonald's stock in 2002 and paid dividends
      of $297 million.

   -- At December 31, 2002, total assets were $24.0 billion, total
      shareholders' equity was $10.3 billion and total debt was
      $10.0 billion.

   -- Depreciation and amortization totaled $1.1 billion in 2002.

   -- At December 31, 2002, there were 1.268 billion common shares

Jim Cantalupo, Chairman and Chief Executive Officer, said, "Consistent with our objective of providing investors timely information on McDonald's operating performance, beginning today, we will release total and comparable sales on a monthly basis. We will continue to discuss the factors behind these trends quarterly in conjunction with the release of our earnings."

McDonald's total Systemwide sales in January 2003 were $3.3 billion, a 5% increase over January 2002. Brand McDonald's comparable sales for the month declined 2.4%

                                     Systemwide Sales              Percent
                                                    Percent        Increase/
                                              Increase/(Decrease) (Decrease)
   Month  ended January 31                        As     Constant   Constant
   Dollars in millions      2003      2002    Reported  Currency*  Currency*
   U.S.                   $1,557.2  $1,521.7     2         n/a       (0.5)
   Europe                    889.8     757.9    17          --       (3.8)
   APMEA***                  580.5     550.8     5          (3)      (7.2)
   Latin America             102.8     139.9   (27)         (5)       5.1
   Canada                    108.8     102.5     6           2       (2.7)
     Brand McDonald's     $3,239.1  $3,072.8     5          --       (2.4)
   Partner Brands             80.0      76.1     5           5        n/m
     Total Systemwide
       sales              $3,319.1  $3,148.9     5          --        n/m

     * Information in constant currencies excludes the effect of
       foreign currency translation on reported results, except for
       hyperinflationary economies, whose functional currency is the
       U.S. Dollar.  Constant currency results are calculated by translating
       the current year results at prior year monthly average exchange
    ** Comparable sales represent the change in sales from the same period
       in the prior year for restaurants in operation at least thirteen
   *** Asia/Pacific/Middle East/Africa
   n/a Not applicable
   n/m Not meaningful

McDonald's is the world's favorite place to eat, with more than 30,000 restaurants serving 46 million customers each day in more than 100 countries, generating more than $40 billion in annual Systemwide sales. Additional information about McDonald's is available at

   (1) Systemwide sales include sales by all restaurants, whether operated
       by the Company, by franchisees or by affiliates operating under joint
       venture agreements.  Management believes that Systemwide sales
       information is useful in analyzing the Company's revenues because
       franchisees and affiliates pay rent, service fees and/or royalties
       that generally are based on a percent of sales with specified minimum
       payments, along with initial fees.
AP Archive:
PRN Photo Desk, 888-776-6555 or +1-212-782-2840

SOURCE: McDonald's Corporation

CONTACT: Investors, Mary Healy, +1-630-623-6429, or Media, Walt Riker,
+1-630-623-7318, both of McDonald's Corporation

Web site: