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McDonald's Corporation (symbol: MCD) is the world’s leading global foodservice retailer, renowned for its expansive footprint and iconic menu. Founded in 1940 by Richard and Maurice McDonald in San Bernardino, California, McDonald's has evolved into the largest restaurant owner-operator globally. As of 2023, the company reported system sales of $130 billion across nearly 42,000 stores in 115 markets.
McDonald's operates on a pioneering franchise model, with approximately 60% of its revenue stemming from franchise royalty fees and lease payments, while the remainder comes from company-operated stores. The corporation's business is primarily segmented into the United States, internationally operated markets, and international developmental/licensed markets.
Core Business and Products:
- The McDonald's menu features signature items like the Big Mac, Quarter Pounder, Chicken McNuggets, and World-Famous Fries, which constitute about 65% of systemwide sales.
- Innovation remains a key focus, with initiatives such as the Best Burger program and the expansion of the McCrispy chicken category to all markets by the end of 2025.
- The company leverages its digital ecosystem, including a robust loyalty program and mobile app, to enhance customer engagement and drive sales.
Recent Achievements and Growth Strategies:
- In 2023, McDonald's announced new growth targets under its Accelerating the Arches strategy, aiming to expand to 50,000 restaurants by 2027.
- The company has achieved 30% comparable sales growth since 2019 through initiatives like the Raise Your Arches marketing campaign and the Best Burger initiative.
- Partnerships, such as the collaboration with Google Cloud to implement generative AI solutions, exemplify McDonald's commitment to technological advancement and operational efficiency.
Financial Performance:
- McDonald's reported a global comparable sales growth of 9% for 2023, marking a consistent upward trajectory despite macroeconomic challenges.
- First quarter results for 2024 showed continued positive performance, driven by higher sales-driven franchised margins and strategic focus on digital, delivery, and drive-thru services.
Community and Corporate Social Responsibility:
- The McDonald's All American Games continues to support Ronald McDonald House Charities, which focuses on family-centered care for children in need.
McDonald's remains a dominant player in the fast-food industry by consistently innovating and adapting to changing market demands, ensuring its position as a beloved brand worldwide.
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McDonald's reported positive first-quarter 2024 results with global comparable sales up by 1.9%, marking 13 consecutive quarters of growth. Consolidated revenues exceeded $6 billion, a 5% increase over the previous year. Diluted earnings per share rose by 9% to $2.66. The company remains focused on leveraging competitive advantages for long-term growth.
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McDonald's All American Games Selection Committee honors Joyce Edwards and Dylan Harper with the 2024 Morgan Wootten National Players of the Year Award for their outstanding character, leadership, and community involvement. Both high school stars will showcase their talents in the 47th annual McDonald's All American Games.
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Krispy Kreme and McDonald's announce a partnership to offer fresh Krispy Kreme doughnuts daily at McDonald's restaurants nationwide. The phased rollout will start in the second half of 2024, with nationwide availability expected by the end of 2026. Three popular Krispy Kreme doughnuts will be available individually or in boxes of six at McDonald's restaurants throughout the day. The partnership aims to provide fans unprecedented daily access to fresh doughnuts and significantly increase Krispy Kreme's points of access by the end of 2026.
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McDonald's announced the retirement of Enrique Hernandez, Jr. as Chairman of the Board, with Chris Kempczinski assuming the combined role of CEO and Chairman. Mike Hsu, Chairman of Kimberly-Clark, has been nominated as an independent director. The company aims to continue its strong performance and brand growth.
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McDonald's declares a quarterly cash dividend of $1.67 per share of common stock, payable on March 15, 2024, to shareholders of record at the close of business on March 1, 2024. Investors can find more information on the company's Investor Relations section at www.investor.mcdonalds.com.
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McDonald's Corporation (MCD) has deepened its partnership with Operation HOPE by becoming a 'Founder's Circle' member of The 1865 Project. McDonald's generous contribution of $1 million reaffirms its dedication to supporting national financial literacy initiatives. The donation will bolster Operation HOPE's groundbreaking endeavor, inspired by the historic Freedman's Bureau, to educate newly freed Americans.
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McDonald's Corporation announces impressive financial performance for the fourth quarter and year ended December 31, 2023, with global comparable sales growing by 9% and systemwide sales to loyalty members reaching over $20 billion for the full year. The company's consolidated revenues increased by 10% and consolidated operating income by 24% for the full year. Diluted earnings per share saw a significant increase of 39%. However, the results included pre-tax charges and gains that impacted the overall financial performance.
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The McDonald's All American Games Selection Committee unveils the final rosters of top high school athletes who will showcase their skills on the court at the 2024 McDonald's All American Games. The 2024 rosters were based on competitive criteria and chosen from a list of 729 nominees by some of the nation's top analysts, prep scouts, media, and coaches. Since 1977, more than 1,600 players have donned the iconic McDonald's jersey. The 2024 girls lineup features four players from California, the most represented state. The 2024 boys lineup includes some of the game's elite talent, with five coming from California and another four from Florida. The games will take place at the Toyota Center in Houston, with the POWERADE® Jam Fest on Monday, April 1, and the McDonald's All American Games on Tuesday, April 2. The McDonald's All American Games have benefitted Ronald McDonald House Charities® (RMHC®) and its network of local Chapters since their inception.
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McDonald’s Corporation (NYSE: MCD) and Accenture (NYSE: ACN) have expanded their strategic partnership to leverage generative AI solutions and the latest edge technology to improve operations, customer and crew experience, and digital capabilities of employees. This partnership aims to support McDonald’s technology strategy, accelerate automation innovation, and build a stronger technology team at McDonald's.
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Financial Literacy for All (FL4A) announced that McDonald’s Corporation (MCD) and Paramount Global (PARA, PARAA) have joined a coalition of nearly 50 leading organizations dedicated to embedding financial literacy into the nation’s schools, workplaces, communities, and culture. FL4A members now make up more than one-quarter of the companies in the Dow Jones Industrial Average and have committed to financial literacy initiatives reaching up to six million people.
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FAQ
What is the current stock price of McDonald's Corporation (MCD)?
The current stock price of McDonald's Corporation (MCD) is $284.43 as of January 23, 2025.
What is the market cap of McDonald's Corporation (MCD)?
The market cap of McDonald's Corporation (MCD) is approximately 201.7B.
What is McDonald's Corporation?
McDonald's Corporation (MCD) is the world's largest global foodservice retailer, founded in 1940, known for its extensive menu and global presence.
How does McDonald's generate its revenue?
McDonald's earns revenue from franchise royalty fees, lease payments, and sales from company-operated stores.
What are McDonald's core menu items?
Core menu items include the Big Mac, Quarter Pounder, Chicken McNuggets, and World-Famous Fries, which are key drivers of sales.
What are McDonald's recent achievements?
Recent achievements include 30% sales growth since 2019, ambitious new growth targets under the Accelerating the Arches strategy, and technological advancements in partnership with Google Cloud.
How is McDonald's leveraging technology?
McDonald's leverages technology through its digital ecosystem, including a robust loyalty program and mobile app, and partnerships like the one with Google Cloud for AI solutions.
What are McDonald's growth strategies?
Growth strategies include expanding to 50,000 restaurants by 2027, enhancing digital, delivery, and drive-thru services, and continually innovating its menu offerings.
How does McDonald's support the community?
McDonald's supports the community through initiatives like the McDonald's All American Games and partnerships with Ronald McDonald House Charities, focusing on family-centered care for children.
What is the Accelerating the Arches strategy?
The Accelerating the Arches strategy aims to maximize marketing, commit to core menu items, and double down on digital, delivery, drive-thru, and development to drive growth.
What is the significance of the McDonald's All American Games?
The McDonald's All American Games showcase elite high school basketball talent and support Ronald McDonald House Charities, benefiting children and families in need.
What are McDonald's financial performance expectations?
McDonald's expects to continue its strong financial performance through strategic initiatives, innovation, and leveraging its competitive advantages to drive long-term growth.
McDonald's Corporation
NYSE:MCD
MCD Rankings
MCD Stock Data
201.74B
715.30M
0.18%
73.22%
1.26%
Restaurants
Retail-eating Places
United States of America
CHICAGO