McDonald's increased its revenue considerably in Hungary over the observed time. In 2024, the company generated nearly *** billion forints worth of revenues.

McDonald's generated a total revenue of ***** billion U.S. dollars in 2024. In that year, when looking at McDonald’s revenue by region, the country that generated the highest portion of revenue was the United States - accounting for ***** billion U.S. dollars. However, internationally operated markets including, but not exclusive to, Australia, France, Canada, and the UK, contributed the largest sum to the McDonald's total revenue in 2024. How did McDonald’s start? McDonald’s was originally founded in 1940 in San Bernardino, California, United States by Richard, and Maurice McDonald. It was eventually turned into a franchise operation and was bought from the McDonald’s brothers in 1955 by businessman Ray Kroc. In 2024, there were over ** thousand conventionally franchised McDonald's restaurants worldwide, which constituted the majority of its ****** establishments across the globe. The burger behemoth earned most of its revenue from McDonald’s franchised restaurants and received ***** billion U.S. dollars through this mode of operation in 2024. Is McDonald’s the largest quick service chain? McDonald’s had the highest brand value of any quick service restaurant company by a large margin in 2024. Not only that, but it also ranked in the top 100 biggest companies in the world in 2024. The biggest player in the market that year was ********** with a total market capitalization amounting to over *** trillion U.S. dollars.

Globally famous brand McDonald’s recorded a net income of approximately 8.22 billion U.S. dollars in 2024. The net income of a business is its income minus cost of goods sold, expenses, and taxes for a specific period (in this case it is measured over the course of a year).The company's fiscal year ends on December 31st.

Fast food giant McDonald’s recorded a revenue of approximately 10.41 billion U.S. dollars in the United States alone in 2024. Comparatively, international operated markets accounted for the highest amount of revenue, with 12.46 billion U.S. dollars. Due to the company's widespread success, McDonald's has become one of the most well-known fast food restaurants in the United States. The McDonald's brandMcDonald’s is arguably one of the most recognizable brands worldwide, let alone within the quick service market. In 2023, the company had over 41 thousand restaurants all over the globe. The majority of these were based in the United States. However, the number of McDonald's restaurants worldwide is expanding in other regions as well. In 2024, there were 13,557 McDonald's restaurants located in the United States. Meanwhile, there were 10,512 restaurants located in international operated markets. Why did McDonald's revenue decrease? The quick service restaurant market has become increasingly competitive in recent years and while McDonald’s remains profitable, revenue has generally declined over the past decade. The McDonald’s business model – easily affordable food, clean environment, accessible by all - was something that revolutionized food service. However, in recent years, this has been replicated by many other restaurants. This could be one of the many reasons there has been an overall decrease in revenue for the company throughout the past decade. McDonald's revenue did see an increase, however, from 2023 to 2024.

The total revenue of McDonald's operated by Westlife Development Private Limited (WDL) in India was over nearly ** billion Indian rupees in fiscal year 2024.WDL operates McDonald’s restaurants across West and South India, through Hardcastle Restaurants Private Limited (HRPL), its wholly-owned subsidiary.

About this dataset

Context

The dataset presents the distribution of median household income among distinct age brackets of householders in McDonald County. Based on the latest 2018-2022 5-Year Estimates from the American Community Survey, it displays how income varies among householders of different ages in McDonald County. It showcases how household incomes typically rise as the head of the household gets older. The dataset can be utilized to gain insights into age-based household income trends and explore the variations in incomes across households.

Key observations: Insights from 2022

In terms of income distribution across age cohorts, in McDonald County, householders within the 45 to 64 years age group have the highest median household income at $65,522, followed by those in the 25 to 44 years age group with an income of $52,000. Meanwhile householders within the under 25 years age group report the second lowest median household income of $42,568. Notably, householders within the 65 years and over age group, had the lowest median household income at $32,933.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2018-2022 5-Year Estimates. All incomes have been adjusting for inflation and are presented in 2023-inflation-adjusted dollars.

Age groups classifications include:

• Under 25 years
• 25 to 44 years
• 45 to 64 years
• 65 years and over

Variables / Data Columns

• Age Of The Head Of Household: This column presents the age of the head of household
• Median Household Income: Median household income, in 2022 inflation-adjusted dollars for the specific age group

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for McDonald County median household income by age. You can refer the same here

This statistic displays the turnover of McDonald’s in the Netherlands from 2014 to 2018 (in million euros). It shows that in this period, the turnover of McDonald’s in the Netherlands increased year on year. In 2014, the total turnover of McDonald’s was roughly 652 million euros. By 2018, this had grown to nearly 900 million euros.

About this dataset

Context

The dataset illustrates the median household income in Mcdonald, spanning the years from 2010 to 2023, with all figures adjusted to 2023 inflation-adjusted dollars. Based on the latest 2019-2023 5-Year Estimates from the American Community Survey, it displays how income varied over the last decade. The dataset can be utilized to gain insights into median household income trends and explore income variations.

Key observations:

From 2010 to 2023, the median household income for Mcdonald decreased by $1,891 (2.50%), as per the American Community Survey estimates. In comparison, median household income for the United States increased by $5,602 (7.68%) between 2010 and 2023.

Analyzing the trend in median household income between the years 2010 and 2023, spanning 13 annual cycles, we observed that median household income, when adjusted for 2023 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS), experienced growth year by year for 6 years and declined for 7 years.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates. All incomes have been adjusting for inflation and are presented in 2022-inflation-adjusted dollars.

Years for which data is available:

• 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 0223

Variables / Data Columns

• Year: This column presents the data year from 2010 to 2023
• Median Household Income: Median household income, in 2023 inflation-adjusted dollars for the specific year
• YOY Change($): Change in median household income between the current and the previous year, in 2023 inflation-adjusted dollars
• YOY Change(%): Percent change in median household income between current and the previous year

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Mcdonald median household income. You can refer the same here

About this dataset

Context

The dataset illustrates the median household income in Mcdonald, spanning the years from 2010 to 2021, with all figures adjusted to 2022 inflation-adjusted dollars. Based on the latest 2017-2021 5-Year Estimates from the American Community Survey, it displays how income varied over the last decade. The dataset can be utilized to gain insights into median household income trends and explore income variations.

Key observations:

From 2010 to 2021, the median household income for Mcdonald decreased by $1,788 (2.47%), as per the American Community Survey estimates. In comparison, median household income for the United States increased by $4,559 (6.51%) between 2010 and 2021.

Analyzing the trend in median household income between the years 2010 and 2021, spanning 11 annual cycles, we observed that median household income, when adjusted for 2022 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS), experienced growth year by year for 5 years and declined for 6 years.

https://i.neilsberg.com/ch/mcdonald-oh-median-household-income-trend.jpeg" alt="Mcdonald, OH median household income trend (2010-2021, in 2022 inflation-adjusted dollars)">

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates. All incomes have been adjusting for inflation and are presented in 2022-inflation-adjusted dollars.

Years for which data is available:

• 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021

Variables / Data Columns

• Year: This column presents the data year from 2010 to 2021
• Median Household Income: Median household income, in 2022 inflation-adjusted dollars for the specific year
• YOY Change($): Change in median household income between the current and the previous year, in 2022 inflation-adjusted dollars
• YOY Change(%): Percent change in median household income between current and the previous year

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Mcdonald median household income. You can refer the same here

While shifting consumer preferences and a crowded foodservice landscape, fast food restaurants have maintained a steady pace of growth. Over the five years to 2025, industry revenue has expanded at a CAGR of 3.9%, reaching $417.5 billion. Notably, 2025 alone will experience a 1.1% increase in revenue. The trend towards fast casual dining has bolstered the industry, helping fast food chains hold their ground amid fierce competition. As health awareness continues to rise, consumers demand healthier and alternative options to conventional fast food. To an extent, major chains have met this demand by introducing healthier menu selections. Other innovative measures included investments in meat substitutes and introducing various dietary preferences to attract a broader consumer base. However, the shift towards a healthier lifestyle has somewhat dampened demand for traditional fast food staples, leading to a decline in industry profit. Between 2022 and 2025, fast food restaurants have grappled with surging operational costs, including purchase, utility, rent and labor. The collective force of these cost increases has depressed industry profit, reaching 4.6% of revenue in 2025. Higher minimum wages, especially in California, have been detrimental to fast food restaurant's bottom lines, which subsequently boost technology adoption such as AI drive-thus. Over the next five years, the fast food industry is expected to maintain its growth trajectory, albeit slower. With fast casual restaurants on the rise and consumer spending expected to climb, further revenue growth for the fast food industry is expected. However, the environment is forecast to grow slowly for fast food chains, as many segments within the industry approach saturation. Despite these challenges, successful operations in the industry will likely pivot in response to changing consumer preferences. In this evolving scenario, the concept of fast food is likely to expand beyond its traditional confines to include a broader range of choices. However, intense competition within the industry will continue to put downward pressure on prices, and hence, revenue growth is expected to slow over the next five years. Projections indicate a CAGR of 1.3% over the next five years, bringing the industry revenue to $445.2 billion by 2030.

Supermarkets top the 2021 ranking of the largest companies in the food industry in the Netherlands. No less than nine out of ten of the leading food companies were food retailers that year, and only in sixth place we find the highest-ranking food delivery company, Thuisbezorgd (part of Just Eat Takeaway). Market leader in the food industry was Albert Heijn, with a revenue of over ten billion euros. This was excluding the revenue from Albert Heijn XL (Alberth Heijn's superstores) and AH.nl, the online delivery platform.

 Albert Heijn also market leader in food retail  

 With a market share of 35.9 percent, Albert Heijn was the largest company active in the food retail market in 2021. Its closest competitors were Jumbo and Lidl, with market shares of 21.8 and 10.7 percent respectively. In total, there were nearly 915 Albert Heijn supermarkets in the Netherlands in 2021.

McDonald‘s tops ranking of food service companies  

McDonalds, the leading food service company in the Netherlands, had a revenue of less than one-tenth of Albert Heijn in 2018, at nearly 950 million euros. This was however still significantly higher than other fast food chains as Domino’s Pizza (178.8 million euros) and KFC/YUM! (128.3 million euros) in the same year.

As of 2018, McDonald’s had a revenue of approximately **** billion euros and was the leading fast food company in the Netherlands. The difference between the second ranked KFC is significant, as the American chicken restaurant generated a revenue of *** million euros. Burger King had a revenue of roughly *** million euros and was ranked third. Observing the revenue of fast food industry in the Netherlands, it reached approximately **** billion euros in 2018, which was the highest generated revenue in the period between 2008 and 2018.

Most McDonald’s restaurants located in South Holland

McDonald’s exploited *** restaurants in total across the Netherlands in 2018. ** of the McDonald’s restaurants were located in South Holland (which includes The Hague and Rotterdam), whereas ** and ** percent were to be found in North Holland (Amsterdam, among others) and North Brabant (Eindhoven, for example). Regarding the location, nearly 50 percent of the McDonald’s restaurants were placed in a city and just above ** percent were located next to highways in the Netherlands in 2018.

Revenue food delivery service market increased significantly

As of July 2017, McDonalds started to test their online delivery services in Amsterdam and rolled out the McDelivery throughout other cities and places in the Netherlands from September 2017 onwards. A logical step, since consumers value convenience and by looking at the total revenue of the delivery food service market, it had a fundamental increase from **** billion euros in 2016 to **** billion euros in 2017. Furthermore, it is forecast that this will grow to nearly *** billion euros in 2019.

Canadian fast food restaurants have seen significant growth over the past five years, largely attributed to increased consumer spending and innovative product offerings. However, this growth faced constraints due to high internal competition and shifting consumer tastes. Profitable products like coffee and smoothies have become prominent while customizable meals and high-quality ingredients have gained popularity, prompting industry giants to reconsider their strategies and menu offerings. Consequently, industry revenue is projected to increase an annualized 3.8%, reaching approximately $37.0 billion in 2025, with an anticipated 2.4% growth within that year alone. In 2025, profit is expected to make up 4.8% of revenue.

Consumer eating habits have drastically changed over these past five years. Health-consciousness has surged, pushing for alterations to customary fast food options. Major chains responded by expanding menus to cater for healthier items such as salads, fruits, and smoothies. Increased per capita disposable income levels have also bolstered the industry, enabling more consumers to dine at fast food restaurants. This trend also spiked demand for food delivery services, driving restaurants to invest more in robust online ordering and delivery management systems. The industry is expected to endure challenges resulting from the US-Canada tariff wars as a significant share of restaurant purchases are sourced from the US. As purchases become more expensive, especially fresh produce, Canadian fast food restaurants have pivoted to source from local suppliers. Further, the increasing trend toward national pride will favor Canadian-founded fast food chains such as A&W and Tim Hortons. Looking into 2030, industry revenue is forecasted to exhibit an annualized growth rate of 1.1%, reaching $39.1 billion. Growth is anticipated to be swifter in the first half of this outlook given the adaption to new challenges relating to tariffs. In line with rising demand for healthier food, fast-food joints will likely persist in launching new products that resonate with consumers' evolving preferences. Further, food delivery services are expected to continue playing a significantly larger role in this industry.

Consumers’ growing awareness of fast food’s nutritional content and shift towards healthier eating habits have challenged demand for fast food and takeaway food services. In response, fast food brands have expanded their menus to include more nutritious, premium options with reduced fat, sugar and salt. Major companies have adapted to this trend, with McDonald's expanding its premium burger range and KFC focusing on fresh, locally sourced ingredients. The number of chicken-based fast food, which is considered healthier than traditional fast food, is also increasing. The recent cost-of-living crisis has had a mixed impact on the industry as consumers ‘trade down.’ Although people are refraining from overspending on eating out, they’re preferring to spend on fast food meals instead of paying for full meals at restaurants. Industry revenue is expected to have grown at an annualised 2.6% over the five years through 2024-25 to $29.6 billion. This trend includes an anticipated 2.9% jump in 2024-25. Consumers’ surging reliance on online delivery platforms during the pandemic boosted industry revenue but also pressured profitability, since online delivery platforms charge commissions per order. Rising food inflation has led businesses to increase menu prices to offset higher purchasing costs, with most major franchises able to pass on costs downstream to consumers, which has driven profitability growth over the five years through 2024-25. Shifting consumer preferences and evolving business models will drive industry growth over the coming years. Companies will increasingly focus on offering plant-based alternatives, reshaping their menus, with major brands set to expand their vegetarian and vegan options to capture rising demand for sustainable, health-conscious meals. Refranchising will also improve industrywide profitability, as fast food giants will reduce their operational costs by shifting company-owned stores to franchisees. This model allows brands to focus on marketing and innovation while franchisees manage day-to-day operations. These strategies, alongside international expansion, will boost competition and industry growth. Revenue is forecast to rise at an annualised 4.3% over the five years through 2029-30 to reach $36.6 billion.

About this dataset

Context

The dataset presents the median household incomes over the past decade across various racial categories identified by the U.S. Census Bureau in McDonald County. It portrays the median household income of the head of household across racial categories (excluding ethnicity) as identified by the Census Bureau. It also showcases the annual income trends, between 2013 and 2023, providing insights into the economic shifts within diverse racial communities.The dataset can be utilized to gain insights into income disparities and variations across racial categories, aiding in data analysis and decision-making..

Key observations

• White: In McDonald County, the median household income for the households where the householder is White decreased by $1,950(3.89%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $50,083 in 2013 and $48,133 in 2023.
• Black or African American: In McDonald County, the median household income for the households where the householder is Black or African American increased by $23,870(112.19%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $21,277 in 2013 and $45,147 in 2023.
• Refer to the research insights for more key observations on American Indian and Alaska Native, Asian, Native Hawaiian and Other Pacific Islander, Some other race and Two or more races (multiracial) households

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates.

Racial categories include:

• White
• Black or African American
• American Indian and Alaska Native
• Asian
• Native Hawaiian and Other Pacific Islander
• Some other race
• Two or more races (multiracial)

Variables / Data Columns

• Race of the head of household: This column presents the self-identified race of the household head, encompassing all relevant racial categories (excluding ethnicity) applicable in McDonald County.
• 2010: 2010 median household income
• 2011: 2011 median household income
• 2012: 2012 median household income
• 2013: 2013 median household income
• 2014: 2014 median household income
• 2015: 2015 median household income
• 2016: 2016 median household income
• 2017: 2017 median household income
• 2018: 2018 median household income
• 2019: 2019 median household income
• 2020: 2020 median household income
• 2021: 2021 median household income
• 2022: 2022 median household income
• 2023: 2023 median household income
• Please note: All incomes have been adjusted for inflation and are presented in 2023-inflation-adjusted dollars.

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for McDonald County median household income by race. You can refer the same here

During the 2024 financial year, McDonald's Philippines generated revenues amounting to approximately **** billion Philippine pesos, reflecting a significant increase compared to the previous year. Golden Arches Development Corporation holds the exclusive franchise to operate McDonald's in the Philippines and currently has *** stores nationwide.

About this dataset

Context

The dataset presents the the household distribution across 16 income brackets among four distinct age groups in Mcdonald: Under 25 years, 25-44 years, 45-64 years, and over 65 years. The dataset highlights the variation in household income, offering valuable insights into economic trends and disparities within different age categories, aiding in data analysis and decision-making..

Key observations

• Upon closer examination of the distribution of households among age brackets, it reveals that there are 65(6.37%) households where the householder is under 25 years old, 316(30.95%) households with a householder aged between 25 and 44 years, 308(30.17%) households with a householder aged between 45 and 64 years, and 332(32.52%) households where the householder is over 65 years old.
• The age group of 25 to 44 years exhibits the highest median household income, while the largest number of households falls within the 65 years and over bracket. This distribution hints at economic disparities within the borough of Mcdonald, showcasing varying income levels among different age demographics.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2018-2022 5-Year Estimates.

Income brackets:

• Less than $10,000
• $10,000 to $14,999
• $15,000 to $19,999
• $20,000 to $24,999
• $25,000 to $29,999
• $30,000 to $34,999
• $35,000 to $39,999
• $40,000 to $44,999
• $45,000 to $49,999
• $50,000 to $59,999
• $60,000 to $74,999
• $75,000 to $99,999
• $100,000 to $124,999
• $125,000 to $149,999
• $150,000 to $199,999
• $200,000 or more

Variables / Data Columns

• Household Income: This column showcases 16 income brackets ranging from Under $10,000 to $200,000+ ( As mentioned above).
• Under 25 years: The count of households led by a head of household under 25 years old with income within a specified income bracket.
• 25 to 44 years: The count of households led by a head of household 25 to 44 years old with income within a specified income bracket.
• 45 to 64 years: The count of households led by a head of household 45 to 64 years old with income within a specified income bracket.
• 65 years and over: The count of households led by a head of household 65 years and over old with income within a specified income bracket.

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Mcdonald median household income by age. You can refer the same here

As of 2018, McDonald’s generated a revenue of approximately *** million euros in the Netherlands, resulting in a number one ranking in the top 20 food service companies. Van der Valk, a large hospitality chain in the Netherlands, saw their revenue amount to *** million euros, whereas Landal Greenparks had a revenue of ***** million euros. The revenue of the total fast food service industry had a steady increase from 2014 onwards. In the period between 2014 and 2018, the industry’s revenue increased by *** million euros.

Volume of McDonald’s restaurants

The fast food service chain McDonalds had in total *** restaurants in the Netherlands in 2018. Most of the restaurants were located in the provinces Zuid-Holland, Noord-Holland and Noord-Brabant. These three regions had in total *** McDonald’s chains. Looking at the locations of McDonald’s, roughly ** percent of the restaurants were in the city in the Netherlands in 2018, whereas ** percent were found along the highways.

Revenue of the restaurant industry

In 2018, the revenue of the restaurant industry in the Netherlands amounted to a total of **** billion euros. This is an increase compared to the previous year and the highest revenue reached in the period between 2008 and 2018.

From 2016 to 2017, sales of the United States restaurant industry were forecasted to increase by 1.7 percent, down from a 2.1 percent increase from the previous year.

Restaurant industry sales figures

The restaurant industry in the United States typically constitutes of two distinct restaurant types - full-service and quick-service. Food and drink sales of full-service restaurants were forecasted to reach over 260 billion U.S. dollars in 2017, making it the restaurant type with the highest sales in the industry. Comparatively, sales of quick-service restaurants were forecasted to amount to around 234 billion U.S. dollars. Meanwhile, the total food and drink sales in the U.S. restaurant industry were forecasted to amount to nearly 800 billion U.S. dollars in 2017, compared to approximately 766 billion one year earlier. The biggest contributor to the industry in terms of food and drink sales in the United States is McDonald’s, with sales of more than 38 billion U.S. dollars in 2018.

Do higher sales mean more jobs?

Restaurants in the U.S. have established a flourishing industry that, besides being profitable for businesses, has also created many jobs. The number of people employed in the U.S. restaurant industry reached to 13.37 million as of May 2018.

In 2017, McDonald's was the leading foodservice company in South Korea, with a market share of around *** percent based on value sales. In 2018, the overall foodservice sales value in South Korea amounted to around **** billion U.S. dollars. A survey in April 2019 found that more than ** percent of respondents stated that they were eating out once every two to three days.

Independent vs Chain restaurants

South Korea’s foodservice sector has a large share of smaller, often family owned businesses. While chain franchise restaurants are expected to grow faster than independent restaurants, the sales value of independent restaurants accounted for around two thirds of the total restaurant sales value in 2018. Nevertheless, customers tend to spend more per transaction at chain restaurants than at independent restaurants.

McDonald’s in South Korea

American chain franchise McDonald’s opened their first shop in South Korea in 1988, opening their 100th store only seven years later. Nowadays, more than *** stores are operating throughout the country. Their delivery service, McDelivery, launched in 2007. The McDelivery app is one of the most downloaded and used food delivery apps in South Korea. One of McDonald’s biggest fast-food focused competitors is South Korean-based franchise Lotteria. The chain first started in Japan in 1972 and started operating in South Korea in 1979. While McDonald’s is dominant on the global market, Lotteria has been able to grow in Asian countries, such as Vietnam, Indonesia, and Cambodia.