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Annual Report 2009Financial 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’s delivered 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 year increased 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 through