About McDonald's Corporation (MCD)

Company Description:

McDonald's Corporation is the world's leading global foodservice retailer with over 38,000 locations in over 100 countries. More than 90% of McDonald's restaurants worldwide are owned and operated by independent local business owners. The company is primarily known for its hamburgers, chicken, 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.

The company was founded by Richard and Maurice McDonald on May 15, 1940, in San Bernardino, California. Ray Kroc joined the company later and established its worldwide presence. McDonald's is headquartered in Chicago, Illinois.

Main Product(s):

McDonald's primary products include a variety of burgers, including the Big Mac and Quarter Pounder, as well as chicken sandwiches, French fries, breakfast items such as the Egg McMuffin, and a range of desserts and beverages.

Short History of McDonald's Corporation:

• 1940 – McDonald's was founded by the McDonald brothers in San Bernardino, California.
• 1955 – Ray Kroc opened the first franchise McDonald's in Des Plaines, Illinois, and later purchased the chain from the McDonald brothers.
• 1965 – McDonald's went public.
• 1974 – The first Ronald McDonald House opened in Philadelphia.
• 1990 – McDonald's opened in Moscow, marking a significant expansion during the end of the Cold War.
• 2003 – “I'm lovin' it” becomes McDonald's first global advertising campaign.
• 2020 – Amidst global changes, McDonald's accelerated the development of drive-thru and delivery services.