McDonald’s stocks Price Today (MCD)
2022.12.29 12:21
McDonald’s Corporation is a multinational fast food chain in the United States that was established in 1940 as a restaurant owned and operated by Richard and Maurice McDonald in San Bernardino, California. The Golden Arches logo was introduced in 1953 at a location in Phoenix, Arizona, after they rebranded their company as a hamburger stand and later as a franchise.
Businessman Ray Kroc joined the company in 1955 as a franchise agent and later purchased the McDonald’s chain from the McDonald brothers. McDonald’s moved its global headquarters to Chicago in June 2018 from Oak Brook, Illinois. McDonald’s is the largest restaurant chain in the world by revenue, serving over 69 million customers daily in over 100 countries in more than 40,000 outlets as of 2021.
McDonald’s is best known for its hamburgers, cheeseburgers, and french fries, but their menu also includes items like chicken, fish, fruit, and salads. The Big Mac is their most popular licensed item, followed by their french fries. The McDonald’s Corporation makes money from sales in company-operated restaurants as well as rent, royalties, and fees paid by franchisees.
With 1.7 million employees, McDonald’s is the world’s second-largest private employer, according to two reports published in 2018. As of 2022, McDonald’s has the sixth-highest global brand valuation. McDonald’s has been criticized for its treatment of employees, other business practices, and the health effects of its products.
