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McDonald's Corporation
Traded as
GenreFast food restaurant
FoundedMay 15, 1940; 80 years ago (1940-05-15) in San Bernardino, California
FoundersRichard and Maurice McDonald
Number of locations
Increase 38,695 restaurants (2019)
Area served
Key people
RevenueIncrease US$21.076 billion (2019)
Increase US$9.070 billion (2019)
Increase US$6.025 billion (2019)
Total assetsDecrease US$32.811 billion (2018)
Total equityDecrease US$−6.258 billion (2018)
Number of employees
~ 210,000 (2018)
Footnotes / references
Corporate logo on red background with the wordmark, used in the 1990s and early 2000s.

McDonald's Corporation 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 original headquarters in Oak Brook, Illinois, but moved its global headquarters to Chicago in June 2018.[5][6][7][8]

McDonald's is the world's largest restaurant chain by revenue,[9] serving over 69 million customers daily in over 100 countries[10] across 37,855 outlets as of 2018.[11][12] 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,[13] 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).[14][15]

  1. ^ Bomkamp, Samantha (June 13, 2016). "Mcdonald's HQ Move Is Boldest Step Yet in Effort to Transform Itself". Chicago Tribune. Retrieved May 1, 2017.
  2. ^ "Enrique Hernandez, Jr".
  3. ^ "MCDONALDS CORP, 10-K". February 22, 2019. Retrieved April 17, 2020.
  4. ^ "McDonald's Corporation 2017 Annual Report Form (10-K)" (PDF). United States Securities and Exchange Commission. February 23, 2018. Retrieved August 21, 2018.
  5. ^ "McDonald's future Near West Side neighbors air parking, traffic safety beefs". Chicago Tribune. Retrieved August 7, 2016.
  6. ^ Hufford, Austen (June 14, 2016). "McDonald's to Move Headquarters to Downtown Chicago". Retrieved August 7, 2016 – via The Wall Street Journal.
  7. ^ "McDonald's Headquarters Opening in West Loop, Offers Food From Around The World". Retrieved April 25, 2018 – via CBS Chicago.
  8. ^ "McDonald's Opens New Global Headquarters in Chicago's West Loop". July 4, 2018. Retrieved July 5, 2018.
  9. ^ null. "McDonald's Is King Of Restaurants In 2017 – pg.1". Forbes. Retrieved December 12, 2017.
  10. ^ "McDonald's: 60 years, billions served". Chicago Tribune. Retrieved July 30, 2017.
  11. ^
  12. ^ "Data" (PDF).
  13. ^ Robbins, John (October 8, 2010). "How Bad Is McDonald's Food?". HuffPost.
  14. ^ "The world's 30 largest employers will surprise you". June 29, 2018. Retrieved March 29, 2019.
  15. ^ "The World's Largest Employers". WorldAtlas. Retrieved March 29, 2019.

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