Word: mcdonald
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
Fanciers of McDonald's hamburgers, who are used to giving their orders to teenagers, must have been puzzled by the bald heads and bulky bodies behind the Golden Arches last Friday. No wonder. At a store in San Diego, Founder Ray Kroc, 74, handed over French fries to waiting customers; in Baltimore, McDonald's president, Edward Schmitt, 51, picked up a spatula to flip burgers. It was "store day" at McDonald's, and from Portland to Pensacola, executives left their offices to don paper hats and hustle behind the counter...
...example of the close-to-the-customer approach that has maintained McDonald's phenomenal growth (TIME cover, Sept. 17, 1973) against what would seem to be heavy odds. Investors have sold the stock down from a high of $77 in 1972 to about $42 last week. One reason: the fear that energy shortages and higher gasoline taxes will eventually restrict driving and thus the patronage of McDonald's restaurants. Competition in the fast-food business has rocketed: not only have hamburger chains proliferated, but Americans can now pop around the corner to get takeaway tacos, fish cakes, spaghetti...
None of that bothers McDonald...
Last year the chain's stores-now numbering 4,230-rang up sales of $3.1 billion, 24% more than in 1975. Most of that was kept by franchise operators, but their rent and royalty payments, plus sales of company-owned stores, gave McDonald's $1.2 billion in revenues; the company converted $110 million into profit, about 27% above that of a year earlier. That was enough to permit the company, which had plowed all previous profits back into expansion, to declare its first cash dividends (2½? a quarter). In early May McDonald's signs will...
...miles from the original St. Andrews. In 1895, he laid out the New Haven Golf Club, which became Yale's home course and soon had its name changed to the Yale Golf Club. Pryde served as the club professional for 41 years until it was superceded by Charles Blair McDonald's breathtaking Yale Golf Course...