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Jack M. Greenberg, Chairman and Chief Executive Officer, said, "This year certainly has proven to be even more challenging than we had anticipated. Yet, we are seeing continued momentum in some areas of our business and some improvement in other areas, as we continue to respond to changing worldwide economic and competitive environments.”
"In addition, we firmly believe that there are untapped growth opportunities for our existing McDonald's restaurant business. We have always focused on achieving appropriate returns on each and every dollar invested. In today's world, it's even more critical that we do so,” Greenberg said.
The McDonalds Corporation Board of Directors also approved an increase in the annual dividend to 23.5¢, up 4.4%.