How Ray Kroc built McDonald's from a small burger joint into a global fast-food empire [Business Insider]
McDonald's Corporation (MCD)
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Source: Business Insider
Kroc became McDonald's first franchisee and transformed the restaurant into a global empire. The McDonald brothers opened their small restaurant in 1940 with a simple menu : burgers, fries, and beverages like their "Triple Thick Milkshakes." Ray Kroc, a Multimixer salesman, saw the restaurant's potential and became McDonald's first franchise agent. In 1955, Kroc founded McDonald's System, Inc., which would later become the McDonald's Corporation. He bought out the brothers in 1961 for $2.7 million, the equivalent of about $28.5 million today. Here's a timeline showing how Ray Kroc built McDonald's from a small burger joint to a global fast-food empire. 1902: Ray Kroc was born in Oak Park, Illinois, on October 5. Biography reported that Kroc showed early promise as an entrepreneur. As a child, he opened his own lemonade stand and worked at a soda fountain. He eventually found a job as a salesman and manager at a cup company, which connected him with Earl Prince, the owne
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News
- McDonald's U.K. faces harassment lawsuit as over 700 teenage workers sue the fast food giant [Fortune]Fortune
- McDonald's, Taco Bell seen as leaders in value [Yahoo! Finance]Yahoo! Finance
- McDonald's, Taco Bell seen as leaders in value [Yahoo! Finance Canada]Yahoo! Finance Canada
- McDonald's biggest menu shakeup in years rolls out Tuesday [CNN]CNN
- McDonald's biggest menu shakeup in years rolls out Tuesday [CNN]CNN
MCD
Earnings
- 10/29/24 - Beat
MCD
Sec Filings
- 1/3/25 - Form 4
- 1/3/25 - Form 4
- 1/3/25 - Form 4
- MCD's page on the SEC website