Mcdonald's ceo on coronavirus says "its actual impact on our business is going to be fairly small"

Mcdonald's - u.s. has 70% of restaurants that have converted to eotf -conf call.mcdonald's cfo - "returning to guest count growth in the u.s. remains our top priority".mcdonald's cfo - "sluggish industry traffic growth and unit expansion continue to fuel an aggressive battle for market share.".mcdonald's - franchise margin percent down 60 basis pts as franchise revenue growth was offset by higher depreciation related to eotf in u.s..mcdonald's - expects to spend about $800 million of capital to open about 400 restaurants in co's wholly owned markets.mcdonald's ceo- "breakfast is the only daypart in the industry that's seeing traffic growth. we have to win at breakfast".mcdonald's ceo on coronavirus- co has been working with local authorities, particularly in hubei province; co has closed all restaurants in hubei.mcdonald's ceo on coronavirus- still has about 3,000 open restaurants in china; co has put in place epidemic prevention and control task force.mcdonald's ceo on coronavirus- china represents about 9% of global restaurant count, about 4% to 5% of system-wide sales and about 3% of op income.mcdonald's ceo on coronavirus- "china is a critical market for us, and we're very concerned about the situation over there".mcdonald's ceo on coronavirus- "its actual impact on our business is going to be fairly small, assuming again that it stays contained to china".
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