Chris. Thanks
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lease the the nearly efficient of consisting million increase as more adjusted termination of earnings share to become excludes XX% of $X.XX our across drove termination currencies. performance each Accelerating of P&L. Turning employee in restructuring and costs for over prior-year primarily and the of Organization. as constant to segments Strong of the benefits sales faster, part an more we charges innovative $XXX This look quarter, per about
quarter continued this and commodities elevated from company-operated Our hampered by remained wages. pressure margins
consistent both in across As recessionary expectations of will the a the and we communicated January, potential look we the to remainder with we Europe. macro U.S. expect continue year, the headwinds with for the environment
margin by quarter $XXX million for dollars currencies XX% dollars. restaurant more Total in driven margin or grew the over by than constant franchise higher
stability our in model and of comp franchise the environment. strong franchise business is One of margins predictability benefits the particularly sales our a of
our across pressure significant restaurant put franchisee performance elevated our continued was franchisees. As to assistance by expected, increased cost European inflation strong flows, particularly sales offset markets franchise as for cash on
to $XXX these will an proactively this As the year. mentioned driving investing long-term to growth of anticipate time. focus during before, targeted support, still impact on between for I've we're providing have temporary $XXX million efforts million and challenging We maintain
reflection growth. our quarter. for G&A April, slightly by driven was for tax worldwide was incurred decreased the of quarter margin costs primarily XX% line and rate a adjusted effective top strong last Adjusted XX% the operating quarter, convention the prior-year for for nearly first our the
As necessarily before, a expect quarter we're year, operating linear on based time. said the not strong start with pleased we've our And we this be to margin operating to on over while in leverage gain X. efficiency will
expect both foreign $X.XX by to on and Based share rates, current per quarter reduce exchange earnings we exchange the to full-year about second $X.XX.
is this guidance directional through as the only change as move always, we year. rates As will likely
Despite are can the we the provide. only and scale well persist, economic uncertainty positioned that unique may with strength the McDonald's system that
talked and Chris our focused on strategies remain we will As system deliver how on the can to our further about that for strong this our the continue aligned even we growth we underlying momentum confident and shareholders. upfront, in are advantage I right focus future. leverage moving forward, for With long-term
turn me it over And to back that, with Chris. let
