Nathan's Famous Hot Dogs

Overview
Corporate Profile

Nathan’s began as a nickel hot dog stand in Coney Island in 1916 and has become a much-loved New York institution now available throughout the United States and overseas.
Through our innovative points-of-distribution strategies, Nathan’s products are marketed within our restaurant system and throughout a broad spectrum of other food-service and retail environments. Our Branded Product Program provides for the sale of Nathan’s signature products in over 7,700 food-service locations nationwide. Nathan’s products are also featured in over 7,000 supermarkets and club stores throughout the United States and are being marketed on television by QVC .

Successful market penetration of our highly recognized valued brand and products, through a wide variety of distribution channels, continues to provide new and exciting growth opportunities for our Company.

Stock Quote
NATH (Common Stock)
Exchange
NASDAQ GM
Price
$14.29
Change (%)
- 0.24 (1.65%)
Volume
20,608
At 05/15/08 3:59 p.m. ETMinimum 20 minute delay


Nathan's Famous, Inc. Reports Sale of NF Roasters Corp.
WESTBURY, N.Y.--(BUSINESS WIRE)--April 28, 2008--Nathan's Famous, Inc. (Nasdaq Symbol: NATH), announced today the sale of its subsidiary, NF Roasters Corp., to Roasters Asia Pacific (Cayman) Limited, its Master Developer of franchised Kenny Rogers Roasters restaurants in Malaysia and certain other foreign territories. The purchase price was approximately $4,000,000 in cash plus certain accruals.
In connection with the sale, NF Roasters Corp. entered into a license agreement with a subsidiary of Nathan's, pursuant to which NF Roasters Corp. licensed to the Nathan's subsidiary certain intellectual property necessary for Nathan's to continue to make available "Kenny Rogers" products at existing Nathan's Famous and Miami Subs restaurants.

About Nathan's Famous
Nathan's products are distributed in 50 states, and four foreign countries through its restaurant system, Branded Product Program and retail licensing activities. Following the sale of NF Roasters Corp., Nathan's restaurant system consisted of 223 franchised or licensed units and six company-owned units (including one seasonal unit). For additional information about Nathan's please visit our website at www.nathansfamous.com

Except for historical information contained in this news release, the matters discussed are forward looking statements that involve risks and uncertainties. Words such as "anticipate", "believe", "estimate", "expect", "intend", and similar expressions identify forward-looking statements, which are based on the current belief of the Company's management, as well as assumptions made by and information currently available to the Company's management. Among the factors that could cause actual results to differ materially are the following: the effect of business and economic conditions; the impact of competitive products and pricing; the ability to obtain an adequate supply of beef and other food products at competitive prices; capacity; the regulatory and trade environment; and the risk factors reported from time to time in the Company's SEC reports. The Company does not undertake any obligation to update such forward-looking statements.


CONTACT: Nathan's Famous, Inc.Ronald G. DeVos, Vice President - Finance and CFO516-338-8500 ext. 229SOURCE: Nathan's Famous, Inc.

www.francorp.com

Arby's Franchising

Media Contact:
Kathy Siefert
Arby’s Restaurant Group, Inc.
newsroom@arbys.com
ARBY’S® EXCEEDS NEW STORE DEVELOPMENT GOALS FOR 2007

148 Restaurants Opened In 2007

197 New Franchise Development Commitments Signed

ATLANTA (March 4, 2008) – Arby’s Restaurant Group, Inc., a subsidiary of Triarc Companies, Inc. (NYSE: TRY, TRY.B), announced today that it exceeded its development goals for 2007 with the opening of 148 Arby’s restaurants and the signing of new commitments to open an additional 197 restaurants throughout the U.S. and Canada.
“We have continually increased restaurant openings and expanded our footprint across the U.S. since the acquisition of our largest franchisee, RTM, and subsequent formation of Arby’s Restaurant Group,” said Tom Garrett, President and COO, Arby’s Restaurant Group, Inc. “We are well on our way to meeting our long range goal of 5,000 restaurants in North America.”
Development agreements signed with existing franchisees in the second half of 2007 are highlighted below:
• David Chen, President of United Global Management Group, has been a franchisee since March 2006 when he brought Arby’s back to Manhattan and now owns and operates two Arby’s locations in New York. Chen has agreed to open an additional six Arby’s restaurants throughout New York State.
• PRP, a franchisee for more than ten years, currently operates 21 Arby’s restaurants throughout Alabama, Florida and Mississippi and has agreed to open five more in Alabama and Mississippi.
• Paul Morgan and Steve Frederickson of Palo, Inc. own and operate one Arby’s restaurant in Fillmore, Utah and have agreed to open four more throughout the state.
• Bill Hanson, President of Hanson Restaurants Ontario, Inc., currently owns 27 Arby’s restaurants and has agreed to develop three additional Arby’s in Regina, Saskatchewan and one in Kingston, Ontario.
• Dennis Wells, who operates 34 Arby’s throughout the state of Texas, has signed on to open three more Arby’s restaurants in San Antonio.
• Love’s Country Stores, Inc., a loyal Arby’s franchisee since 1999, operates 34 Arby’s throughout the U.S. Love’s has signed a development agreement to open three additional Arby’s restaurants in Florida, Illinois and Mississippi.
• Donald Moore, President of Miracle Restaurant Group, LLC, currently owns and operates 57 Arby’s in Colorado, Illinois, Indiana, Louisiana, Mississippi and Texas. A franchisee for six years, Moore has committed to two more Arby’s restaurants throughout New Orleans.
• J&J Ostrowski Enterprises, under the leadership of Jeremy and Jennifer Ostrowski, is a multi-generational franchisee since 1987 who own and operate six Arby's in Wisconsin and have signed on to open two additional restaurants in the state.
• Jerry Garland of Garland Restaurants, Inc. owns and operates six Arby’s in Kentucky and Tennessee and has signed an agreement to open two more in Lexington.
• Toni Winston, a franchisee since 1995, owns three Arby’s in Ohio and West Virginia and has agreed to open two more throughout Ohio.
• Bindu Joshi, President of Amash, Inc. owns two Arby’s restaurants in Los Angeles. Bindu, an Arby’s franchisee since 2005, has signed an agreement to open one Arby’s in Wildomar, California.
• David Early, a seasoned Arby’s veteran and former RTM, Inc. region leader who became a franchisee in 2004, has signed an agreement to open one restaurant in Winder, Georgia. Early owns and operates eight restaurants throughout Georgia and one in South Carolina.
• Don Evans, President of Avenue Corporation, has agreed to open one Arby’s in Cedartown, Georgia. Evans currently owns three restaurants in the Atlanta DMA.
• J.C. Faw, President of Platinum Foods, Inc. owns an Arby’s in North Carolina and has agreed to open one additional Arby’s in Yadkinville, North Carolina. Faw has been with the Arby’s system since 2001.
• Abdul Aziz Andani currently owns and operates three Arby’s restaurants in Chicago and has signed an agreement to open one more in the market.
• Chris Cooper, a franchisee since 2006, has signed on to open one Arby’s restaurant in Marquette, Michigan. Cooper currently operates three Arby’s in Escanaba, Iron Mountain and Manistique Michigan.
• James Cunningham owns and operates six Arby’s restaurants in the Los Angeles and San Diego markets and has signed a development agreement to open one more in Fountain Valley, California.
• Shoukat Ali Dhanani, who opened his first Arby’s restaurant in 2006 in Sugarland, Texas, has signed a development agreement to open one more in Dickinson, Texas.
• DRM, Inc. has agreed to develop one Arby’s restaurant in Omaha, Nebraska. A member of the Arby’s system since 1968, DRM currently operates 68 Arby’s throughout the Midwest.
• Grant Avenue Development, Inc., a franchisee since 1988 with 35 Arby’s restaurants in New York, Pennsylvania and Virginia, has signed on to open one additional Arby’s in Virginia.
• William Gilbert owns and operates five Arby’s restaurants throughout Missouri and has signed on to open one more in Springfield.
• Golightly & Long, LLC, a franchisee since 2005, owns and operates one Arby’s restaurant in Benton, Kentucky has agreed to open one in Mayfield, Kentucky.
• Richard Ripp, a franchisee since 1967, owns and operates 18 restaurants throughout Virginia. Ripp has agreed to open one additional Arby’s restaurant in Richmond.
• SMB Restaurants, LLC currently owns and operates 14 Arby’s restaurants throughout Virginia. SMB has agreed to develop one additional Arby’s in Chesapeake.
• Ernest and Rhoda Sternitzky, who operate three Arby’s in Wisconsin and have signed a development agreement to open one more in the same sate in the city of Medford.
• Malik & Abdul Waliany of Amisha, Inc. and S.M. Good Luck Inc. own and operate 12 Arby’s in the Houston market and have agreed to open one more in Montgomery, Texas.
Arby’s is pleased to welcome the following new franchisees to the Arby’s system in the second half of 2007:
• Osama Aziz has signed an agreement to develop five Arby’s restaurants throughout the state of Washington.
• Noam Bizman has signed an agreement to develop four Arby’s restaurants in Houston.
• Ruby Coaty has agreed to open three Arby’s in Los Angeles.
• Jorge Gonzalez has signed an agreement to develop three Arby’s in Laredo, Texas.
• Dennis and Michelle Bush have agreed to open two Arby’s restaurants in Clallam County, Washington.
• Brad Cole has agreed to open two Arby’s restaurants in Texas.
• Mourad Elayan has signed on to open two Arby’s in New Jersey.
• Jeff Hess has signed an agreement for two Arby’s restaurant in California.
• David Manley has signed an agreement to develop two Arby’s restaurants in Bastrop and Pflugerville, Texas.
• Paul McCormack has agreed to open two Arby’s restaurants in Ontario, Canada.
• Carmen Ongoco has agreed to open two Arby’s restaurants in Houston.
• Kaushik Patel has signed an agreement to open two Arby’s in Avenel, New Jersey.
• Acoma Business Board has signed on to open one Arby’s restaurant in Cibola, New Mexico.
• Lawrence Foster has agreed to open one Arby’s in Rutherford, New Jersey.
• Jihad Hattar has signed an agreement to develop one Arby’s restaurant in Chicago.
• Zahid Iqbal has agreed to open one Arby’s restaurant in Merrillville, Indiana.
• Debra Joel has signed an agreement to open one Arby’s in Bolivar, Mississippi.
• Sunny Kurani has signed on to open one Arby’s restaurant in Wichita Falls, Texas.
• Mike Melenchuk has agreed to open one Arby’s restaurant in Dartmouth, Nova Scotia.
• Angela Ryckman has agreed to open one restaurant in Ruther Glen, Virginia.
• Scott Stewart has agreed to develop one Arby’s in Simi Valley, California.
• Raed Sweiss has signed an agreement to open one Arby’s restaurant in Aurora, Illinois.
• Melissa Tipton has agreed to open one Arby’s restaurant in Nicholasville, Kentucky.
• Rania Quzah has signed an agreement to open three Arby’s restaurants throughout South Carolina.
About Arby’s Restaurant Group, Inc.
Arby’s Restaurant Group, Inc. (ARG) is a subsidiary of Triarc Companies, Inc. (NYSE: TRY, TRY.B). ARG, based in Atlanta, is the franchisor of the Arby’s restaurant system, which consists of more than 3,600 restaurants worldwide, and is owner and operator of over 1,100 of those restaurants located in the United States. Founded in 1964, Arby’s quick service restaurants specialize in offering slow roasted and freshly sliced roast beef sandwiches as well as its Market Fresh® deli-style sandwiches, toasted subs, wraps and salads with the convenience of a drive-thru. Arby’s offers guests a unique, great tasting alternative to traditional fast food with its one-of-a-kind menu items including the Beef ‘n Cheddar, Curly Fries and Jamocha shakes. To learn more about Arby’s, please visit www.arbys.com.
NOTES TO PRESS RELEASE
1. Arby’s franchisees are independent third parties that Arby’s Restaurant Group, Inc. does not control, and numerous factors beyond their control may affect new restaurant openings. There can be no assurance that the commitments under these development agreements will be met and that they will result in open restaurants.
2. The statements in this press release concerning Arby’s Restaurant Group, Inc. that are not historical facts, including, most importantly, any information concerning possible or assumed future results of operations of Arby’s Restaurant Group, Inc. and any statements preceded by, followed by, or that include the words “may,” “believes,” “plans,” “expects,” “anticipates” or the negation thereof, or similar expressions, constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 (the “Reform Act”). All statements that address events or developments that are expected or anticipated to occur in the future are forward-looking statements within the meaning of the Reform Act. All such statements speak only as of the date of this press release and are susceptible to a number of risks, uncertainties and other factors. For a description of those factors, please refer to filings by Triarc Companies, Inc. with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended December 30, 2007 (in particular the discussions contained under “Part 1 – Special Note Regarding Forward-Looking Statements and Projections” and “Item 1A - Risk Factors – Risks Related to Arby’s”). For those statements, we claim the protection of the safe harbor for forward-looking statements contained in the Reform Act. All future written and oral forward-looking statements attributable to us or any person acting on our behalf are expressly qualified in their entirety by the cautionary statements contained or referred to in this note. We assume no obligation to update any forward-looking statements after the date of this press release as a result of new information, future events or developments, except as required by federal securities laws.
# # #

Burger King

Burger King Announces Secondary Offering of Common Stock

Last update: 8:00 a.m. EDT May 6, 2008Print E-mail RSS Disable Live Quotes

MIAMI, May 06, 2008 (BUSINESS WIRE) -- Burger King Holdings Inc. (BKC:burger king hldgs inc com
News, chart, profile, more
Last: 28.07-0.10-0.35%

10:50am 05/09/2008

BKC 28.07, -0.10, -0.3%) announced today that the private equity funds controlled by TPG Capital, Bain Capital Partners and the Goldman Sachs Funds (the "selling stockholders") intend to offer 15 million shares of Burger King common stock in an underwritten at-the-market offering. Burger King will not sell any shares in the offering.
The selling stockholders currently own approximately 58 million shares of Burger King common stock, or approximately 43 percent of the outstanding shares. Following completion of the anticipated offering, the selling stockholders will own approximately 31.6 percent of the company's common stock.
Goldman, Sachs & Co. will act as the sole underwriter for the offering.
Burger King Holdings Inc. has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (the "SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and any other documents the company has filed with the SEC for more information about the company and the offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the company will arrange to send you the prospectus if you request it by calling (305) 378-7696 or by emailing BKC Investor Relations at Investor@whopper.com. A copy of the prospectus for the offering can also be obtained from your Goldman Sachs sales person or Goldman, Sachs & Co., 85 Broad Street, New York, NY 10004 Attention: Prospectus Department (212-902-1171).
This information does not purport to be a complete description of these securities or the offering. Please refer to the prospectus for a complete description. This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction to any person to whom it is unlawful to make such offer or solicitation in such jurisdiction.
About Burger King Holdings Inc.
The BURGER KING(R) system operates more than 11,400 restaurants in all 50 states and 70 countries and U.S. territories worldwide. Approximately 90 percent of BURGER KING(R) restaurants are owned and operated by independent franchisees, many of them family-owned operations that have been in business for decades.
SOURCE: Burger King Corporation
Burger King Corporation, Miami
BKC Media Relations
Keva Silversmith, 305-378-7277
ksilversmith@whopper.com
or
BKC Investor Relations
Amy Wagner, 305-378-7696
awagner@whopper.com

Buffalo Wild Wings

Buffalo Wild Wings is a full service dine in bar and grill that specializes in hot wings. The company has become the market leader for wing concepts and continues to build and grow through innovative marketing and creative business ideas. Out of the 500 locations about 350 of them are franchised operations. The stock is listed on Nasdaq under BWLD.

Detailed Quote (NASDAQ: BWLD)
Latest

(05/08/08 15:00:10 EST)
Change ($) Change (%) High Low
$32.27 -0.0600 -0.1856 % $32.36 $31.78
Prev Close $32.33 Open $32.22
Bid $32.19 Bid Size 100
Ask $33.12 Ask Size 400
High $32.36 52 Wk High $47.75
Low $31.78 52 Wk Low $18.25
Restricted No Volume 245,481
Market Cap ($ mil.) 575 EPS $1.15
P/E Ratio 27.63

Buffalo Wild Wings Company Description
Hot sauce fuels the flight of this restaurateur. Buffalo Wild Wings (BWW) operates a chain of more than 500 Buffalo Wild Wings Grill & Bar quick-casual dining spots in more than 35 states that specialize in Buffalo-style chicken wings. The eateries offer more than a dozen dipping sauces to go with their spicy wings, as well as a complement of other items such as chicken tenders and legs. BWW's menu also offers appetizers, burgers, tacos, salads, and desserts, along with beer, wine, and other beverages. The company owns and operates more than 160 of the restaurants, while the rest are operated by franchisees.

Fannie Mae

Here is an article on Fannie Mae, which effects all businesses. This is vital information. If you want more information on franchising go to www.francorp.com.

Fannie Mae Swings to Loss, Will Seek Fresh $6 Billion
Regulators Trim Amount of Capital Mortgage Giant Must Keep on Hand
By DONNA KARDOSMay 6, 2008 9:14 a.m.
http://online.wsj.com/article/SB121007526280870313.html?mod=hps_us_whats_news
U.S. regulators lifted a consent order on Fannie Mae and lowered the amount of capital it must hold, even as the government-sponsored mortgage finance giant swung to a $2.19 billion first-quarter loss amid another round of hefty write-downs and credit costs.
Fannie, meanwhile, said it will raise another $6 billion in capital and cut its dividend to free up funds for further growth and announced a series of new measures to support the mortgage market.
Taken together, the announcements are testament to the integral role the government sees Fannie playing in its multipronged plan to bolster the housing market. They also highlight the mortgage giant's efforts to simultaneously shore up its balance sheet while taking on more risk. As such, they could provide further ammunition for critics who already fear Fannie Mae is overextended.
"As the market correction continues, we will continue to play both offense and defense," Fannie's chief executive, Daniel Mudd, said in a release.
Shares of Fannie fell 6.7% to $26.41 in premarket trading.
The largest buyer of U.S. home loans reported a net loss of $2.19 billion, or $2.57 a share, compared with prior-year net income of $961 million, or 85 cents a share. The loss came even as Fannie continued to expand its business. Revenue climbed 38% to $3.78 billion, driven by increases in guaranty-fee and net-interest income, and Fannie's share of the market for new single-family mortgage related securities topped 50%.
The mean estimates of analysts polled by Thomson Reuters were for a loss of 81 cents a share on $1.26 billion in revenue.
Results were hurt by $4.4 billion in losses on derivatives and trading securities, as well as $3.2 billion in credit-related expenses, as declining home prices produced greater losses.
Those write-downs don't tell the whole story. Fannie also said the fair value of its net assets plunged by $23.6 billion over the three-month period to $12.2 billion on March 31. Those losses didn't hurt the company's profits, however, because the company changed its accounting practices to recognize the losses only when they are realized.
Looking forward, Fannie said it expects "severe weakness in the housing market to continue in 2008," with the weakness projected to "lead to increased delinquencies, defaults and foreclosures on mortgage loans, and slower growth in U.S. residential mortgage debt outstanding."
Home prices are declining faster than expected and should now fall by 7-9% this year, and credit losses will continue to rise through 2009, Fannie said.
The results could lead critics to question the decision announced Tuesday by Fannie's regulator, the Office of Federal Housing Enterprise Oversight, to cut the surplus capital Fannie must hold by 5 percentage points to 15%, with another 5-point cut in September, as long as there is "no material adverse change" to the company's regulatory compliance.
Fannie said Tuesday it will try to help cushion the mortgage market downturn by refinancing borrowers with Fannie owned loans that owe more than the value of their homes, working with state agencies to provide $10 billion in financing for first time buyers, helping families in hard-hit communities live in foreclosed properties on a rent to own basis and pricing some jumbo loans in line with regular loans.
Fannie and sister company Freddie Mac buy more than 75% of all home loans originated in the U.S. and repackage them into bonds they guarantee, freeing up funds for further mortgage lending. Amid the current housing-market conditions and credit-market turmoil, they've both been badly battered.
In late February, Moody's Investors Service warned it may lower its assessment of Fannie's intrinsic financial strength, saying the company faces heavy losses in the year ahead that could eat a thinning capital cushion. Meanwhile, analysts have said that if markets continue to deteriorate, Fannie and Freddie may need to raise capital by selling shares to investors overseas and at home.
Fannie's quarterly dividend will fall beginning in the third quarter to 25 cents a share. The company will save about $390 million as a result.
Write to Donna Kardos at donna.kardos@dowjones.com

McDonald's

Francorp has done financial work in the past for McDonalds in several instances. There is no question that McDonald's is the best performing franchise stock on the market and has been over the past 30 years.

The company continues to use innovative marketing, superb management and deliver top level customer satisfaction. This all translates to a continuously improving bottom line and always upward trending stock.

McDonald's Press Release 03/10/08

McDonald's Reports February Comparable Sales Up 11.7%

U.S. comparable sales rose 8.3% for the month
Europe comparable sales up 15.4% for the month
APMEA comparable sales increased 10.9% for the month

OAK BROOK, IL – McDonald’s Corporation announced today that global comparable sales rose 11.7% for the month and 8.6% for year-to-date February. Systemwide sales for McDonald’s worldwide restaurants increased 19.9% in February, or 13.2% in constant currencies. McDonald's February sales results reflect strong performance across each business segment, as well as a benefit of about 4 percentage points from an extra day due to leap year.

"Our focus on our customers around the world continues to deliver results and drive McDonald’s global business," said McDonald’s Chief Executive Officer Jim Skinner. “Through the Plan to Win, we're committed to providing our customers the menu variety they want, with the convenience and value they expect from McDonald's.”

February comparable sales increased 8.3% in the U.S. as McDonald’s market-leading breakfast, Premium Roast Coffee and everyday value offerings continue to fuel performance.

In Europe, strong results in the U.K., France, Germany and Russia drove comparable sales up 15.4% for the month. Europe’s combination of premium beef and chicken menu selections, balanced with everyday affordability, continues to drive results.

In Asia/Pacific, Middle East and Africa, February comparable sales increased 10.9%. Strong results in Australia, China, Japan and many other markets drove the segment’s overall performance as customers continue to enjoy locally relevant and affordable menu choices throughout the day.



Percent Increase Comparable Systemwide Sales
Sales As Constant
Month ended February 29, 2008 2007 Reported Currency
--------------------------------------------------------------------
McDonald's Corporation 11.7 5.7 19.9 13.2
Major Segments:
U.S. 8.3 3.1 9.2 9.2
Europe 15.4 5.9 29.3 17.1
APMEA* 10.9 12.3 25.8 13.7

Year-To-Date February 29,
--------------------------------------------------------------------
McDonald's Corporation 8.6 5.3 16.6 10.0
Major Segments:
U.S. 5.1 3.4 5.9 5.9
Europe 11.7 6.4 25.4 13.4
APMEA* 9.3 8.0 23.3 12.0
--------------------------------------------------------------------
* Asia/Pacific, Middle East and Africa



Definitions

Comparable sales represent sales at all restaurants in operation at least thirteen months including those temporarily closed, excluding the impact of currency translation. Some of the reasons restaurants may be temporarily closed include road construction, reimaging or remodeling, rebuilding and natural disasters. Management reviews the increase or decrease in comparable sales compared with the same period in the prior year to assess business trends.
Information in constant currency is calculated by translating current year results at prior year average exchange rates.
Systemwide sales include sales at all restaurants, including those operated by the Company, franchisees and affiliates. Management believes Systemwide sales information is useful in analyzing the Company's revenues because franchisees and affiliates pay rent and/or royalties that generally are based on a percent of sales with specified minimum rent payments.
The number of weekdays, weekend days and timing of holidays can impact our reported comparable sales. In February 2008, this calendar shift/trading day adjustment consisted of one additional trading day (a Friday) compared with February 2007 due to 2008 being a leap year. The resulting adjustment varied around the world, ranging from approximately +3.5% to +4.2%.

Upcoming Communications

Jan Fields, McDonald’s USA Chief Operating Officer, will speak at 8:30 a.m. (Pacific Time) at the JP Morgan Gaming, Lodging and Restaurants Conference on March 27, 2008. This presentation will be webcast live and available for replay for a limited time thereafter at www.investor.mcdonalds.com.

McDonald's tentatively plans to release first quarter results on April 22, 2008.

McDonald's is the leading global foodservice retailer with more than 30,000 local restaurants in more than 100 countries. More than 75% of McDonald's restaurants worldwide are owned and operated by franchisees and affiliates. Please visit our website at www.mcdonalds.com to learn more about the Company.

Forward-Looking Statements

This release contains certain forward-looking statements, which reflect management’s expectations regarding future events and operating performance and speak only as of the date hereof. These forward-looking statements involve a number of risks and uncertainties. The factors that could cause actual results to differ materially from our expectations are detailed in the Company’s filings with the Securities and Exchange Commission, such as its annual and quarterly reports.