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McDonald’s is closing three CosMc’s restaurants, but plans to open two new locations. The Starbucks competitor has done well, but the company says smaller stores do better than bigger ones.
Ray Kroc bought the original McDonald’s from the McDonald brothers after visiting in 1954 and by the next year, he had opened the prototype for what would become a worldwide fast-food legend ...
McDonald’s is still the world’s largest fast-food business by locations (about 40,000), and comparable-store sales have grown 30% during his tenure. The stock has risen 48%, matching the S&P.
1972: The McDonald's system generates $1 billion in sales through 2,200 restaurants. [59] 1972: The first McDonald's in New York City opens on Manhattan's Upper West Side, dubbed "Townhouse" (to reflect that it was not a drive-in), and serves a record 100,000 hamburgers in its first week. [60] 1973: The first McDonald's in Sweden opens in ...
Kroc appointed Sonneborn as McDonald's first president and chief executive officer in 1959. In 1967, he fell out with Kroc when he insisted on continuing expansion whereas Sonneborn held the conservative view that the country was heading into a recession and they should stop building new stores. Sonneborn resigned from McDonald's on June 8 ...
McDonald’s is ending its AI ordering system, a partnership with IBM, at some of its drive-thrus, after videos of the system failing went viral on social media. McDonald’s gets rid of AI drive ...
McDonald's Monopoly peel-off tokens. The McDonald's Monopoly game is a sales promotion run by fast food restaurant chain McDonald's, with a theme based on the Hasbro board game Monopoly. The game first ran in the U.S. in 1987 and has since been used worldwide. The promotion has used other names, such as Monopoly: Pick Your Prize!
Shares of McDonald's hit a new all-time high on Friday, but things aren't as rosy as the stock chart suggests. ... In October 2012 the chain posted a year-over-year decline in monthly sales at the ...