McDonald's

McDonald's is an American fast food company, founded in 1940 as a restaurant operated by Richard and Maurice McDonald, in San Bernardino, California, United States. They rechristened their business as a hamburger stand, and later turned the company into a franchise, with the Golden Arches logo being introduced in 1953 at a location in Phoenix, Arizona. In 1955, Ray Kroc, a businessman, joined the company as a franchise agent and proceeded to purchase the chain from the McDonald brothers. McDonald's had its previous headquarters in Oak Brook, Illinois, but moved its global headquarters to Chicago in June 2018.[6][7][8][9]

McDonald's Corporation
TypePublic company
ISINUS5801351017
IndustryRestaurants
GenreFast food restaurant
FoundedMay 15, 1940; 81 years ago (1940-05-15) in San Bernardino, California
FoundersRichard and Maurice McDonald
Ray Kroc
Headquarters,
U.S.[1]
Number of locations
38,695 restaurants (2019)
Area served
Worldwide (119+ countries)
Key people
Products
Revenue US$21.076 billion (2019)
US$9.070 billion (2019)
US$6.025 billion (2019)
Total assets US$32.811 billion (2018)
Total equity −US$6.258 billion (2018)
Number of employees
Approx. 210,000 (2018 (1.9 million if franchised is included in 2015)[3])
Websitewww.mcdonalds.com
corporate.mcdonalds.com
Footnotes / references
[4][5]
Corporate logo on red background with the wordmark, used in the 1990s and early 2000s

McDonald's is the world's largest restaurant chain by revenue,[10] serving over 69 million customers daily in over 100 countries[11] across 37,855 outlets as of 2018.[12][13] Although McDonald's is best known for its hamburgers, cheeseburgers and french fries, they feature chicken products, breakfast items, soft drinks, milkshakes, wraps, and desserts. In response to changing consumer tastes and a negative backlash because of the unhealthiness of their food,[14] the company has added to its menu salads, fish, smoothies, and fruit. The McDonald's Corporation revenues come from the rent, royalties, and fees paid by the franchisees, as well as sales in company-operated restaurants. According to two reports published in 2018, McDonald's is the world's second-largest private employer with 1.7 million employees (behind Walmart with 2.3 million employees).[15][16] As of 2020, McDonald's has the ninth-highest global brand valuation.[17]