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News > Fortune 500

The skinny on McDonald's Corp.
How the world's No. 1 restaurant chain came to be and how it's doing.
April 19, 2004: 1:14 PM EDT

NEW YORK (CNN/Money) - McDonald's Corp., the world's biggest restaurant chain, has named a new CEO after Jim Cantalupo died of an apparent heart attack Monday.

Here are key facts about the company.

Headquarters - Oak Brook, Illinois

Restaurants - More than 30,000 in 119 countries, serving 47 million customers a day.

Sales and earnings - Total revenue $17.1 billion* in 2003, up from $15.4 billion in 2002.

Net income $1.5 billion, or $1.15 a share, in 2003, up from $894 million, or 70 cents a share, in 2002.

Stock performance - The company went public in 1965, and is one of 30 stocks in the Dow Jones industrial average. The stock is up about 10 percent year-to-date, making it the second-best performer in the Dow Jones industrial average.

History - Ray Kroc opened the first McDonald's in Des Plaines, Illinois, in 1955, with an idea from brothers Dick and Mac McDonald, who ran a fast-service hamburger outlet in San Bernardino, Calif.

Kroc, then a milkshake machine distributor, met the brothers and pitched the idea of opening a chain of fast-service restaurants.

*System-wide sales, includes franchisee owned locations.

Sources: Company reports, Reuters  Top of page

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