Mcdonald 's The World 's Leading Global Food Service Retailer

1409 Words Apr 29th, 2016 6 Pages
Semester Paper McDonald 's is the world 's leading global food service retailer with over 36,000 locations in over 100 countries. More than 80% of McDonald 's restaurants worldwide are owned and operated by independent local business men and women. The McDonald family moved from Manchester, New Hampshire to Hollywood in the late 1930s, where brothers Richard and Maurice McDonald began working as set movers and handymen at Motion-Picture studios. In October 1948, after the McDonald brothers realized that most of their profits came from selling hamburgers, they closed down their successful carhop drive-in to establish a streamlined system with a simple menu of just hamburgers, cheeseburgers, potato chips, coffee, soft drinks, and apple pie. The restaurant 's name was changed again, this time to simply "McDonald 's," and reopened on December 12, 1948. In the early 1960s, McDonald 's really began to take off. In 1965, McDonald 's Corporation went public. Common shares were offered at $22.50 per share. By the end of the first day 's trading, the price had risen to $30. In 2016, McDonald’s is worth more than 114.45 billion. McDonald’s current stock price is $127. The price trading range is from $115 to $128. McDonald’s stock symbol is MCD. In 2016, McDonald 's restaurants are found in 118 countries and territories around the world and serve 68 million customers each day. McDonald 's operates over 35,000 restaurants worldwide, employing more than 1.7 million people. Over the…
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