McDonald's is the world's largest restaurant company by systemwide sales, with more than 40,000 locations serving nearly 70 million customers daily in over 100 countries. About 95% of restaurants are owned and operated by independent franchisees, making McDonald's primarily a royalty and rent collector: it earns rent and royalties from franchisees, frequently owning the underlying real estate, a model that produces high margins and stable cash flows. The menu centers on burgers led by the Big Mac, chicken including McNuggets and McCrispy, fries, breakfast, and McCafé beverages. Growth is driven by its Accelerating the Arches strategy: marketing, core menu focus, and digital, delivery, and drive-thru, with a loyalty program spanning tens of millions of active members. Founded in 1955 by Ray Kroc, the company is headquartered in Chicago.

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McDonald's Corp