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Jim Cantalupo, McDonald's chairman and chief exec, said in a statement, "I am confident 2004 will be a year of ongoing progress for McDonald's. We will continue to revitalize our business and improve our customers' experience thru better service and by enhancing our food taste, menu variety and value offerings, and creating more relevant marketing. Our goal for the year is to further strengthen the foundation of our business in order to sustain profitable growth through execution and innovation in 2005 and beyond. We are pleased that 2004 has begun with such strong momentum; still, we intend to remain disciplined and focused as we pursue our long-term growth objectives."