McDonald's

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McDonalds
Type Public (NYSEMCD)
Industry Restaurants
When it was created May 15, 1940 in San Bernardino, California
McDonald's Corporation, 1955 in Des Plaines, Illinois
People who started it

McDonald's - Richard and Maurice McDonald

McDonald's Corporation - Ray Kroc
Headquarters Oak Brook, Illinois, USA
Number of locations 35,000+ worldwide[1]
Area served Worldwide
Key people James A. Skinner
(Chairman) & (CEO)
Things made Fast Food
(hamburgers • chicken • french fries • soft drinks • milkshakes • salads • desserts • breakfast)
Money earned Increase US$ 22.79 billion (2007)[2]
Operating income Decrease US$ 3.879 billion (2007)[2]
Net income Decrease US$ 2.359 billion (2007)[2]
Total assets Increase US$ 29.391 billion (2007)
Total equity Decrease US$ 15.279 billion (2007)
Employees 390,000 (2008)[2]
Website McDonalds.com
McDonald's Plaza, the main office of McDonald's
McDonald's Kosher in Buenos Aires (Argentina)

McDonald's is a Corporation [3] that operates one of the largest chains of fast food restaurants in the world.[4]

McDonald's has over 36,000 stores in 119 countries and territories, the second-most stores out of all fast food chains worldwide behind only the submarine sandwich chain Subway.[5] They serve almost 54 million people each day.[source?]

A McDonald's restaurant in Austin, Minnesota, United States (2006)

The first McDonald's restaurant was opened by Richard and Maurice (Mac) McDonald in 1940. It was located on Route 66 in San Bernardino, California.[6] The McDonald brothers later sold their company to Ray Kroc in Des Plaines, Illinois.

Food[change | change source]

McDonald's restaurants mainly serve hamburgers, cheeseburgers, chicken products, French fries, breakfast items, soft drinks, milkshakes and desserts. They also have options such as salads, apples, milk, and Snack Wraps on the menu.

More McDonald's food is sold in the United States than in any other area, which means that it is McDonald's largest market. Europe is McDonald's second largest market..[7] The restaurants are either operated directly by McDonalds or more often by a franchisee,[8] where the business is owned and operated by someone else to the standards set by McDonald's and with support from the McDonald's company. The company provides a central source of supply for food items and standardized menu.[6]

Criticism[change | change source]

In 2014, McDonald's in Europe used chicken meat which was produced by using genetically modified animal feed, which it had not done since 2001. Greenpeace states that McDonald's saves less than one Eurocent for each Chickenburger and goes down a path not desired by its customers.[9]

Mascot[change | change source]

The McDonald's mascot is Ronald McDonald.

Locations[change | change source]

McDonald's has restaurants in the following countries:

References[change | change source]

  1. McDonald's publication. "Corporate FAQ". McDonald's Corporation. Retrieved 2007-11-24. 
  2. 2.0 2.1 2.2 2.3 Joe Bramhall. "McDonald's Corporation". Hoovers. Retrieved 2007-11-24. 
  3. "McDonald's, the world's biggest fast food chain, has reportedly rejected a plan put forward by...". Food & Drink Weekly. 23 January 2006. http://www.allbusiness.com/business-planning/business-structures-corporations/857636-1.html.
  4. "World's Largest Fast Food Chains". Food & Wine. Time, Inc. Affluent Media Group. Retrieved May 22, 2016. 
  5. Ganzel, Bill (2016-08-22). "McDonald's vs Subway: Which Has the Bigger Restaurant Chain?". Knoema. Retrieved 2017-02-28. 
  6. 6.0 6.1 Ganzel, Bill (2007). "Fast Food". Life in the 50s & 60s. Wessels Living History Farm. Retrieved 2008-11-21. 
  7. "Sales Are Up Again at McDonald's". The New York Times. October 8, 2003. https://query.nytimes.com/gst/fullpage.html?res=9A0DE1DF1E3CF93BA35753C1A9659C8B63&sec=&spon=.
  8. "McDonald's Corporation". Business profile. The New York Times. Retrieved 2008-11-21. 
  9. http://www.spiegel.de/wirtschaft/unternehmen/mcdonald-s-gentechnik-in-chickenburger-und-chickennuggets-a-966345.html McDonald's: Gentechnik im Burger, der Spiegel, 2014-04-27.

Other websites[change | change source]