Operator: Hello and welcome to McDonald's October 21, 2013 Investor Conference Call. At the request of McDonald's Corporation, this conference is being recorded. Following today's presentation, there will be a question-and-answer session for investors.
I would now like to turn the conference over to Ms. Kathy Martin, Vice President of Investor Relations for McDonald's Corporation.
Ms. Martin, you may begin.
Kathy Martin - IR: Thank you and hello everybody. With me on the call are our President and Chief Executive Officer, Don Thompson; and Chief Financial Officer, Pete Bensen. Today's conference call is being webcast live and recorded for replay via phone, webcast and podcast.
Before I turn it over to Don, I want to remind everyone that the forward-looking statements in our earnings release and 8-K filings also apply to our comments. Both of these documents are available at www.investor.mcdonalds.com, as are reconciliations of any non-GAAP financial measures mentioned on today's call with our corresponding GAAP measures.
Now, I'd like to turn it over to Don.
Don Thompson - President and CEO: Good morning, everyone and thank you, Kathy. In July, we talked about three lenses through which we're framing our performance and we talked about the past, the present and the future. Today I want to talk about the present and the future. We're focused on the actions that we are taking to drive current performance in an environment that is pressuring growth. We'll discuss how those actions will position us to deliver results in the near and the longer terms.
Today our business continues to grow. It's demonstrated by our third quarter performance. While global comparable sales of 0.9% were not as high as we'd like, operating income grew 6% in constant currencies and earnings per share was $1.52, a 7% increase in constant currencies. Even though our comp sales lap eases in the fourth quarter, macroeconomic and competitive conditions are not expected to change dramatically. As a result, we expect October sales to be relatively flat. Around the world, we are accelerating those initiatives that we believe, will have the greatest impact on our customers within our three global growth priorities to optimize our menu, modernize the customer experience and broaden consumers' access to our brand.
We're also thoughtfully adapting local market plans to remain relevant and appealing at a time when consumers are uncertain and industry is stagnant.
We continue to intensify our focus on the most critical tenets of the customer experience, that strengthen our performance, menu quality and choice, customer service, affordability and consumer engagement. I'd like to briefly discuss each one of these.
Regarding menu quality and choice, we must ensure that the true quality of our ingredients and food recipes are better-known to all consumers, and that customers have choices across our menu that meet their case desires and/or nutritional expectations. This includes featuring relevant and appealing new food and beverage news.
Next, customer service, simply stated, we must exceed our customers' expectations for fast, accurate and friendly service at each and every one of our nearly 35,000 restaurants around the world. Furthermore, those restaurants must be clean, well-maintained and contemporary.