Considered as the largest fast food chain in the world, McDonald’s Corporation sells chicken products, French fries, cheeseburgers, hamburgers, breakfast items, salads and desserts. The revenues of the company come from fees and royalties from franchisees. In addition, the firm also gets income from the sales of restaurants operated by McDonald’s. To know how much money does McDonald’s make, it is best to look at an annual income statement released by the company for the years 2006 to 2008.
How much money does McDonalds make? According to the 2006 annual financial report posted by the company, the total revenues reached $20,460,200,000. However, the gross profit of the company for the year is only $2,602,200,000. Based on the annual report, the stockholders’ equity is $15,146,100,000 and the assets posted by the firm for the year is $29,988,800,000. In 2007, the fast food chain posted $21,586,400,000 total revenues, $3,544,200,000 gross profit and $15,458,300,000 stockholders’ equity. After a year, the revenues and profits posted by the company have increased. For the period ending December 31, 2008, the total revenues of the firm reached $23,230,700,000 while the gross profit was $2,395,100,000. When it comes to shares, the corporation posted a total of $15,279,800,000 stockholders’ equity.
Other Important Details and Additional Information
In present times, the fast food chain has restaurants in 119 countries in the world. Based on economic reports, the company serves almost 47 million consumers a day. It employs 1.5 million people in its 31,000 branches worldwide. Aside from the restaurants, the corporation also owns and operates other business establishments like Piles Café. In addition, it has major stocks in Chipotle Mexican Grill and minor stocks in Pret a Manger. In December 2003, the firm acquired Donatos Pizza.
To attract more consumers, the restaurants have been redesigned in 2006. The new branches have Wi-Fi connections, bar stools and tall counters as well as comfortable sofas. Some of the famous products offered by the fast food chain include chicken strips with a choice of a dip, crispy chicken, grilled chicken and spicy chicken. The restaurant also offers varieties of salads like the Bacon Ranch Salad, Caesar Salad and the Southwest Salad.
When it comes to sandwiches, franchisees offer tasty and hearty burgers like the Quarter Pounder, Big Mac and cheeseburger. For breakfasts, McDonald’s offer affordable meals and tasty coffees such as cappuccino, latte, iced latte, mocha and iced mocha. The prices of foods and drinks at the fast food store are very affordable, which is one of the reasons why many people like to dine at this place.