How McDonald's turned burgers and fries into a global fast- food empire
With over 38,000 locations in more than 100 countries, McDonald's (MCD) is a global icon in the fast food industry. In 2023, McDonald's generated over $25 billion dollars in revenue, up nearly 10% compared to the year before.
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Let's dive into the company's biggest moments with Beyond the Ticker.
1940
The McDonald's brothers, Dick and Maurice, opened the first McDonald's restaurant on May 15, 1940, in San Bernardino, California.
1954-1955
Ray Kroc purchased the rights to franchise McDonald’s and opened the first franchised restaurant in Des Plaines, Illinois.
1955-1965
Kroc bought the brothers out, then developed its current model of owning the real estate that McDonald’s franchise locations are on.
1965
In April 1965, McDonald's went public via an initial public offering at $22.50 per share.
1972
McDonald's hit a milestone – generating $1 billion in sales.
1990
The first McDonald's restaurant opened in the Soviet Union in Pushkin Square, Moscow, marking a symbolic moment of the Cold War, serving thousands of customers.
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