MCD - Surprise! McDonald's Just Made $10 Billion From Something Other Than Food
2024-02-27 03:17:00 ET
Shares of the world's largest fast-food chain, McDonald's (NYSE: MCD) , are sitting at all-time highs as of this writing, approaching $300 per share for the first time. The company had systemwide sales of $130 billion in 2023, which was a 10% year-over-year increase and a record high.
No wonder McDonald's stock is doing well.
Of course, there's a big difference in systemwide sales and revenue for McDonald's. The company had nearly 42,000 locations around the world as of the end of 2023. But 95% of these locations were franchised -- relatively few were company-owned.
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Surprise! McDonald's Just Made $10 Billion From Something Other Than Food