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McDonald's CEO Says First 100 Days 'A Lot Better Than Where We Were Headed In December'

Jim Cantalupo, Chairman and CEO, Opening Remarks at Press Conference With Media

Post-Analyst Meeting

Apr 7, 2003

The following is a statement from Jim Cantalupo, Chairman and Chief Executive Officer of McDonald's Corporation (NYSE: MCD):

You have heard a lot of numbers today and a lot of financial information -- all of which is very important. I want to underscore what those numbers really mean -- they mean we are taking decisive action to revitalize our business and to attract even more customers to McDonald's.

We have a plan that says we are willing to challenge the status quo and that we will continue to review our business from top-to-bottom with new thinking and new solutions.

We are ramping up fiscal discipline at McDonald's and moving forward with an aggressive action plan that is focused on our restaurants and our customers. It will deliver results.

We are almost through our first "100 Days." I am pleased with our progress. I can tell you that I feel very good about the direction we have set in motion for the business. It's a lot better than where we were headed in December.

Today is one step. There will be more. I am very optimistic and confident about the future.

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SOURCE: McDonald's Corporation

CONTACT: Lisa Howard of McDonald's, +1-630-623-5044

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