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2018: McDonald's announces that it would remove plastic drinking straws from its UK and Ireland restaurants. [96] 2019: McDonald's purchases personalization-technology company Dynamic Yield for $300 million and acquires a 9.9% stake in mobile software company Plexure for $3.7 million. [97]
Image source: Getty Images. According to Wall Street consensus, 2025 is poised to mark a growth rebound for McDonald's, with projections showing a 3.8% increase in revenue as adjusted EPS ...
Kroc also focused on aggressive expansion, opening new restaurants across the United States and eventually in other countries as well. He became the owner of McDonald's Corporation in 1961 and was credited as its founder. [5] After retiring from McDonald's, he owned the San Diego Padres of Major League Baseball (MLB) from 1974 until his death ...
In December 2003, McDonald's paid $57 million (estimated) for canceling its contract with Fujita & Co. (Fujita's consulting company) along with a $24 million retirement bonus. Fujita's family held a 25% stake in McDonald's Japan until selling it to Longreach private equity fund in 2005. At the time the shares had a market value of $674 million.
In 2018, McDonald’s announced a $6 billion plan to modernize its U.S. restaurants (which today number nearly 14,000), with planned updates to furniture, décor, exteriors and kiosks. The menu ...
Zoom out, and you will see the selling pressure in McDonald's the most acutely in the last three months — shares have dropped 15.2%. The stock hit a 52-week low of $246.19 on Oct. 12.
McDonald's is the world's second-largest private employer with 1.7 million employees (behind Walmart with 2.3 million employees), the majority of whom work in the restaurant's franchises. [20] [21] McDonald's has been subject to criticism over the health effects of its products and its participation in various legal cases.
Anyone who has read biographies on the life of McDonald's Corp. (NYSE: MCD) Ray Kroc or seen the movie “The Founder” is aware that the fast food giant is less in the hamburger business than in ...