McDonald's vs Walmart: Founders, CEOs and History
McDonald's was founded in 1940 by Maurice James McDonald, Richard James McDonald, Ray Kroc and is led by Chris Kempczinski. Walmart was founded in 1962 by Sam Walton and is led by John Furner.
Company facts
McDonald's
- Founded
- 1940
- Headquarters
- Chicago, Illinois, United States
- Current CEO
- Chris Kempczinski
- Employees
- 150,000
Walmart
- Founded
- 1962
- Headquarters
- Bentonville, Arkansas
- Current CEO
- John Furner
- Employees
- 2,100,000
Founders
McDonald's
Maurice James McDonald
Maurice "Mac" McDonald co-founded McDonald's with his brother Richard in 1940, opening a barbecue drive-in in San Bernardino, California.
Richard James McDonald
Richard McDonald co-founded McDonald's and played a leading role in the 1948 redesign that turned a local drive-in into the template for modern fast food.
Ray Kroc
Ray Kroc opened his first McDonald's franchise in Des Plaines, Illinois in 1955 and built the franchising organization that made the brand famous far beyond California.
Walmart
Sam Walton
Sam Walton opened the first Walmart Discount City in Rogers, Arkansas in 1962 and built the company around low prices, low costs, and its own distribution network. He served as CEO until 1988 and remained chairman until his death in 1992.
CEOs and their tenures
McDonald's
- Ray Kroc1967–1973
CEO
Under Kroc's executive leadership, McDonald's scaled from a regional drive-in licensing experiment into an international enterprise with over 2,500 locations and $1 billion in annual systemwide sales by the end of his CEO tenure in 1973.
Source - Fred Turner1974–1987
CEO
Turner expanded McDonald's from roughly 2,500 restaurants in 1974 to over 10,000 across 45 countries by 1987, multiplying systemwide sales from $1.9 billion to over $14 billion.
Source - Michael R. Quinlan1987–1998
CEO
During Quinlan's 11-year CEO tenure, McDonald's expanded from approximately 10,000 to over 24,000 restaurants globally, and annual systemwide sales rose from $14.3 billion in 1987 to $36 billion in 1998.
Source - Jack M. Greenberg1998–2002
CEO
Greenberg pushed global restaurant count past 30,000, but rapid store expansion cannibalized existing franchisees and kitchen complexity slowed drive-thru service.
Source - James R. Cantalupo2003–2004
CEO
Under Cantalupo's leadership, McDonald's launched the global 'I'm Lovin' It' campaign and introduced premium salads, driving 11 consecutive months of positive same-store sales growth.
Source - Charlie Bell2004–2004
CEO
During Bell's seven-month tenure, McDonald's generated 7.5% global comparable sales growth in 2004, its strongest operational performance in over a decade.
Source - Jim Skinner2004–2012
CEO
Skinner generated roughly 250% total shareholder returns between 2004 and 2012. Annual systemwide sales expanded from $46 billion to $86 billion, McCafé was rolled out internationally, and the company completed the complete divestiture of Chipotle, Boston Mark…
Source - Don Thompson2012–2015
CEO
Rapid menu proliferation complicated kitchen operations and pushed drive-thru wait times to historical highs.
Source - Steve Easterbrook2015–2019
CEO
Easterbrook refranchised over 4,000 company-owned locations to lift franchised ownership from 81% to approximately 93%, expanding operating margin from 29% to 43%.
Source - Chris Kempczinski2019–present
CEO
Since becoming CEO in November 2019, Kempczinski executed the 'Accelerating the Arches' framework, growing FY2025 consolidated revenue to $26.885 billion and net income to $8.563 billion.
Source
Walmart
- Sam Walton1962–1988
Founder and CEO
Founded Walmart and set its low-price, low-cost operating approach.
Source - Doug McMillon2014–2026
Former President and CEO
Led Walmart's push into ecommerce, marketplace, advertising, and store-fulfilled delivery, and oversaw the Jet.com, Flipkart, and VIZIO deals.
Source - Greg Penner2015–present
Chairman of the Board
He successfully managed the transition of corporate leadership to Doug McMillon and actively oversees the Walton family's controlling stake in the retail giant.
Source - John David Rainey2022–present
Executive Vice President and CFO
As CFO, he aggressively executed multi-billion-dollar share repurchases while funding massive capital expenditures for store remodels and automation.
Source - John Furner2026–present
President and CEO
Became President and CEO on February 1, 2026, succeeding Doug McMillon. He reshaped the executive team with internal promotions in January 2026.
Source - David Guggina2026–present
President and CEO, Walmart U.S.
As head of supply chain operations, he modernized the underlying logistics network that allowed Walmart to successfully compete with Amazon's two-day delivery speeds.
Source
Timeline: McDonald's and Walmart side by side
1940McDonald's
First McDonald's Opens in San Bernardino
Richard and Maurice McDonald opened the first McDonald's restaurant on May 15, 1940 in San Bernardino, California. The original drive-in gave the brothers a live operating laboratory before they stripped the model down to a faster, lower-cost menu.
1948McDonald's
Speedee Service System Introduced
The brothers simplified operations in 1948 around 15-cent hamburgers, shakes, and fries.
1955McDonald's
Ray Kroc Opens Des Plaines Restaurant
Ray Kroc opened his first McDonald's in Des Plaines, Illinois on April 15, 1955 after becoming the brothers' franchise agent. That restaurant became the base for converting a California operating idea into a national franchise system.
1961McDonald's
Hamburger University Opens
Hamburger University opened in the basement of an Elk Grove Village, Illinois restaurant in 1961. The training program mattered because it formalized the standards and operating routines that franchisees needed to deliver a consistent experience.
1961McDonald's
Kroc Buys the Brothers' Company
McDonald's says it acquired the rights to the brothers' company in 1961 for $2.7 million. The deal gave Kroc control of the name and system, setting up the real estate-backed franchise model that later defined parent-company economics.
1962Walmart
First Walmart Opens
Sam Walton opens the first Walmart Discount City in Rogers, Arkansas.
1968McDonald's
Big Mac Added to National Menu
The Big Mac, developed by owner-operator Jim Delligatti of Pittsburgh, was added to the national menu in 1968. It became a durable core product and a recognizable signal of the company's ability to turn franchisee ideas into systemwide menu platforms.
1970Walmart
Walmart Goes Public
Walmart sells shares to the public to fund expansion.
1975McDonald's
Egg McMuffin Builds Breakfast
The Egg McMuffin, created by owner-operator Herb Peterson of Santa Barbara, California, was added to the national menu in 1975. It helped turn breakfast into a major daypart rather than leaving the restaurants dependent on lunch and dinner traffic.
1983Walmart
Sam's Club Launches
The first Sam's Club warehouse club opens in Midwest City, Oklahoma.
1988Walmart
First Supercenter and New CEO
Walmart opens its first supercenter, and David Glass succeeds Sam Walton as CEO.
2000Walmart
Lee Scott Becomes CEO
Lee Scott succeeds David Glass as CEO.
2003McDonald's
I'm Lovin' It Campaign Launches
McDonald's launched its global "I'm lovin' it" marketing campaign in 2003, its first worldwide brand campaign.
2014Walmart
Doug McMillon Becomes CEO
Doug McMillon, who started as an hourly associate in 1984, becomes CEO.
2016Walmart
Jet.com Acquisition
Walmart buys Jet.com for about $3.3 billion to strengthen its U.S. ecommerce team.
2017McDonald's
Global McDelivery Day with UberEATS
McDonald's marked Global McDelivery Day in 2017 to support the broader launch of McDelivery with UberEATS. Delivery expanded restaurant reach beyond the counter and drive-thru, while also adding packaging, marketplace-fee, and kitchen-throughput challenges.
2018Walmart
Flipkart Investment
Walmart acquires a majority stake in Flipkart for about $16 billion.
2019McDonald's
Dynamic Yield Acquisition
McDonald's agreed to acquire Dynamic Yield in 2019 to personalize drive-thru menu boards, kiosks, and app experiences using signals such as time of day, weather, restaurant traffic, and trending items.
2024McDonald's
Quarter Pounder E. Coli Outbreak
U.S. Public health agencies linked a 2024 E. Coli outbreak to slivered onions served on McDonald's Quarter Pounders in affected states.
2024Walmart
VIZIO Acquisition
Walmart completes its $2.3 billion purchase of smart-TV maker VIZIO to expand its advertising business.
2025McDonald's
$26.9B FY2025 Revenue
McDonald's reported $26.885 billion in FY2025 revenue and $8.563 billion in net income.
2026Walmart
John Furner Becomes CEO
John Furner succeeds Doug McMillon as President and CEO effective February 1, 2026; David Guggina takes over Walmart U.S.
2026Walmart
Q2 FY27 Results
Walmart reports Q2 FY27 revenue of $187.9 billion, up 5.9%, and raises full-year sales and operating income guidance.
Acquisitions
McDonald's
- Dynamic Yield2019$300M
- Apprente2019Undisclosed
- Boston Market2000$173.5M
- Donatos Pizza1999Undisclosed
- Chipotle Mexican Grill stake1998Undisclosed
Questions about McDonald's vs Walmart
Who is the CEO of McDonald's Corporation and Walmart Inc.?
McDonald's Corporation is led by Chris Kempczinski and Walmart Inc. is led by John Furner. Both serve as the top executive responsible for the company's strategy, operations, and financial performance.
When was McDonald's Corporation founded vs Walmart Inc.?
McDonald's Corporation was founded in 1940 — 22 years before Walmart Inc., which was founded in 1962. McDonald's Corporation's longer operating history gives it a deeper track record but also potentially more institutional inertia compared to the younger Walmart Inc..
How many employees does McDonald's Corporation have compared to Walmart Inc.?
McDonald's Corporation employs approximately 150,000 people, while Walmart Inc. employs approximately 2,100,000. Walmart Inc. has the larger workforce at 2,100,000 employees, compared to McDonald's Corporation's 150,000. A higher headcount does not necessarily imply greater efficiency — it often reflects differences in business model (e.g., manufacturing vs. software).
Where are McDonald's Corporation and Walmart Inc. headquartered?
Both McDonald's Corporation and Walmart Inc. are headquartered in United States, meaning they operate under the same primary regulatory and tax environment.
Who founded McDonald's Corporation and Walmart Inc.?
McDonald's Corporation was founded by Maurice James McDonald, Richard James McDonald, Ray Kroc. Walmart Inc. was founded by Sam Walton.
Which company has a longer operating history — McDonald's Corporation or Walmart Inc.?
McDonald's Corporation has been operating for approximately 86 years, making it the more established of the two companies. Walmart Inc. has been in operation for around 64 years. A longer operating history often signals greater institutional resilience and brand recognition, though it can also mean slower adaptation to new market conditions.
Figures come from each company's filings and the sources linked beside them. Amounts reported in another currency are shown in US dollars at an approximate rate and marked with ~. Back to the McDonald's vs Walmart overview