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  "documentTitle": "McDonald's | Results Presentation Deck | 13 slides",
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      "text": "2024 Mid-to-High 40% Range Beyond 2024 Operating Margin Expansion",
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      "text": "2019* Adjusted Operating Margin ~43%",
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      "text": "*Consolidated operating margin was 43% for the year ended 2019. Excluding the impact of impairment and strategic gains, operating margin was 43.4% for the year ended 2019. Refer to the Company's filings with the Securities and Exchange Commission for additional detail.",
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      "text": "**The Company expects operating margin for the year ended 2023 to be about 46%. Excluding charges primarily related to restructuring costs associated with Accelerating the Organization, adjusted operating margin is expected to be about 47% for the year ended 2023. Refer to the Company's filings with the Securities and Exchange Commission for additional detail.",
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