McDonald's Corporation

McDonald's

Type	Public
Traded as	: MCD DJIA Component S&P 100 Component S&P 500 Component
Industry	Restaurants
Genre	Fast food restaurant
Founded	McDonald's: May 15, 1940; 76 years ago (1940-05-15) San Bernardino, California McDonald's Corporation: April 15, 1955; 61 years ago (1955-04-15) Des Plaines, Illinois
Founders	McDonald's: Richard and Maurice McDonald McDonald's Corporation: Ray Kroc
Headquarters	Oak Brook, Illinois, U.S. (moving to Chicago in 2018)
Number of locations	36,615 (September 30, 2016)
Area served	Worldwide
Key people	Andrew J. McKenna (Chairman) Steve Easterbrook (President and CEO)
Products	Hamburgers chicken french fries soft drinks milkshakes salads desserts coffee breakfast
Revenue	US$ 25.413 billion (2015)
Operating income	US$ 7.146 billion (2015)
Net income	US$ 4.529 billion (2015)
Total assets	US$ 37.939 billion (2015)
Total equity	US$ 7.088 billion (2015)
Number of employees	420,000 (2015)
Website	corporate.mcdonalds.com/mcd.html www.mcdonalds.com/us/en-us.html This box:

corporate.mcdonalds.com/mcd.html
www.mcdonalds.com/us/en-us.html

McDonald's (or simply as McD) is an American hamburger and fast food restaurant chain. It was founded in 1940 as a barbecue restaurant operated by Richard and Maurice McDonald. In 1948, they reorganized their business as a hamburger stand, using production line principles. The first McDonald's franchise using the arches logo opened in Phoenix, Arizona in 1953. Businessman Ray Kroc joined the company as a franchise agent in 1955 and subsequently purchased the chain from the McDonald brothers. Based in Oak Brook, Illinois, McDonald's confirmed plans to move its global headquarters to Chicago by early 2018.

Today, McDonald's is one of the world's largest restaurant chains, serving approximately 68 million customers daily in 119 countries across approximately 36,615 outlets. McDonald's primarily sells hamburgers, cheeseburgers, chicken products, french fries, breakfast items, soft drinks, milkshakes, and desserts. In response to changing consumer tastes, the company has expanded its menu to include salads, fish, wraps, smoothies and fruit. A McDonald's restaurant is operated by either a franchisee, an affiliate, or the corporation itself. 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 a BBC report published in 2012, McDonald's is the world's second largest private employer (behind Walmart with 1.9 million employees), 1.5 million of whom work for franchises.