<SEC-DOCUMENT>0001021408-01-508974.txt : 20011101
<SEC-HEADER>0001021408-01-508974.hdr.sgml : 20011101
ACCESSION NUMBER:		0001021408-01-508974
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20011029
ITEM INFORMATION:		Other events
ITEM INFORMATION:		Financial statements and exhibits
FILED AS OF DATE:		20011030

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MCDONALDS CORP
		CENTRAL INDEX KEY:			0000063908
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-EATING PLACES [5812]
		IRS NUMBER:				362361282
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-05231
		FILM NUMBER:		1769896

	BUSINESS ADDRESS:	
		STREET 1:		ONE MCDONALD'S PLZ
		CITY:			OAK BROOK
		STATE:			IL
		ZIP:			60523
		BUSINESS PHONE:		6306233000
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d8k.txt
<DESCRIPTION>FORM 8-K
<TEXT>
<PAGE>


                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                    FORM 8-K

                                 CURRENT REPORT
                       PURSUANT TO SECTION 13 OR 15(D) OF

                       THE SECURITIES EXCHANGE ACT OF 1934



       Date of Report (Date of earliest event reported): October 29, 2001




                             McDONALD'S CORPORATION
             (Exact name of Registrant as specified in its Charter)



         Delaware                        1-5231               36-2361282
(State of Incorporation)        (Commission File No.)       (IRS Employer
                                                          Identification No.)


                              One McDonald's Plaza
                            Oak Brook, Illinois 60523
                                 (630) 623-3000
            (Address and Phone Number of Principal Executive Offices)

<PAGE>

Item 5. Other Events
--------------------

On October 29, 2001, McDonald's Corporation (the "Company") issued a press
release discussing outlook and announcing $5 billion share repurchase program.
The press release is filed as Exhibit 99 hereto and incorporated herein by
reference.

Item 7.  Financial Statements, Pro Forma Financial Information and Exhibits
---------------------------------------------------------------------------

              (c) Exhibit:

                  99       Press Release dated October 29, 2001--McDonald's
                  Discusses Outlook and Announces $5 Billion Share Repurchase
                  Program

                                       2

<PAGE>

                                    SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                       McDONALD'S CORPORATION

                                       (Registrant)


Date:   October 30, 2001               By: Gloria Santona
                                           ------------------------------------
                                           Gloria Santona
                                           Senior Vice President,
                                           General Counsel and Secretary

                                       3

<PAGE>

                                  Exhibit Index

Exhibit No.
-----------

99       News Release of McDonald's Corporation issued October 29, 2001:
         McDonald's Discusses Outlook and Announces $5 Billion Share
         Repurchase Program

                                       4

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>3
<FILENAME>dex99.txt
<DESCRIPTION>PRESS RELEASE DATED OCTOBER 29, 2001
<TEXT>
<PAGE>


                                                                      EXHIBIT 99

<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------
         Investor Release
---------------------------------------------------------------------------------------------------------
     <S>                                                        <C>
     FOR IMMEDIATE RELEASE                                      FOR MORE INFORMATION CONTACT:
     ---------------------                                      ----------------------------
     10/29/01                                                   Investors:    Mary Healy, 630-623-6429
                                                                Media:   Anna Rozenich, 630-623-7316
</TABLE>


                        McDONALD'S DISCUSSES OUTLOOK AND
                        --------------------------------
                  ANNOUNCES $5 BILLION SHARE REPURCHASE PROGRAM
                  ---------------------------------------------

 .    2002 earnings per share expected to increase by 5% to 10%, excluding
     foreign currency translation and the fourth quarter 2001 special charge.

 .    In connection with change initiatives, the Company expects to take a
     special charge of $175 to $200 million in the fourth quarter of 2001 and
     realize ongoing annual savings of about $100 million beginning in 2002.

 .    New $5 billion share repurchase program and increase in the annual cash
     dividend announced.

OAK BROOK, IL -Today, McDonald's Chairman and Chief Executive Officer Jack M.
Greenberg noted, "More than ever before, we must adapt and seize opportunities.
Our goal is to improve results in 2002 and put ourselves in position to return
to double-digit earnings growth."

         The Company's goal is to increase sales and improve profitability and
returns. It expects 2002 earnings per share to increase by 5 percent to 10
percent, excluding the effect of foreign currency translation and the fourth
quarter 2001 special charge. This would represent a significant improvement over
2001 and set the stage for stronger growth in 2003 and beyond.

         To prepare the Company for future growth, McDonald's is implementing a
number of change initiatives around the world. In connection with these changes,
McDonald's expects to take a special charge of $175 million to $200 million in
the fourth quarter of 2001, primarily for employee severance and outplacement,
consolidation of facilities and related costs. After redeploying more than $50
million, the Company expects ongoing annual S,G&A savings of about $100 million
beginning in 2002, compared with what otherwise would be spent.

<PAGE>

         Given the weak global economic environment, the Company expects to open
approximately 200 fewer McDonald's restaurants in 2002 than this year. Net of
restaurant closings, this reflects plans to add 1,300 to 1,400 McDonald's
restaurants in 2002, a number similar to this year. In addition, the Company
expects to add 100 to 150 restaurants under its Partner Brands in 2002.

         The Company announced that it will embark on a newly authorized $5
billion share repurchase program in the near future. To date, it has repurchased
$4.2 billion of McDonald's stock under its current program.

         Matthew H. Paull, Executive Vice President and Chief Financial Officer,
said, "We believe share repurchase is the best use of our excess cash flow after
investing in McDonald's and our Partner Brands. We are pleased that our strong
financial position allows us to do both and believe it will continue to provide
us with a strong credit rating and ample financial flexibility."

         Also, McDonald's Board of Directors approved a 4.7 percent increase in
the annual dividend to 22.5 cents per share, payable on December 3, 2001 to
shareholders of record at the close of business on November 15, 2001.

         McDonald's is the world's leading food service retailer with more than
29,000 restaurants in 121 countries, serving 45 million customers each day.

         Certain forward-looking statements are included in this release. They
use such words as "may," "will," "expect," "believe," "plan" and other similar
terminology. These statements reflect management's current expectations
regarding future events and operating performance and speak only as of the date
of this release. These forward-looking statements involve a number of risks and
uncertainties. The following are some of the factors that could cause actual
results to differ materially from those expressed in or underlying our
forward-looking statements: the effectiveness of operating initiatives and
advertising and promotional efforts, the effects of the Euro conversion, as well
as changes in: global and local business and economic conditions; currency
exchange and interest rates; food, labor and other operating costs; political or
economic instability in local markets; competition; consumer preferences,
spending patterns and demographic trends; legislation and governmental
regulation; and accounting policies and practices. The foregoing list of
important factors is not exclusive.

         The Company undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise.

                                      # # #

                                       -2-

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
