McDonald's delivery is the next 'big frontier' for company, CEO says - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

McDonald's says it gets 10 McDelivery orders per second — and Wall Street agrees it's the next 'big frontier' for the fast-food giant

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.McDonald's CEO Stephen Easterbook said on the company's most recent earnings call that delivery is the fast food giant's next "big frontier." In 2019, McDonald's delivery business is expected to generate $4 billion, or about 4% of global sales.

Easterbrook said McDonald's customers are now placing about 10 McDelivery orders every second. For 2019, the company's delivery business is projected to reach $4 billion, or about 4% of total global system-wide sales, he said. That figure represents a 300% increase from the segment's revenue in 2016.

"Delivery remains a big frontier for our business," Easterbrook said. "Our McDelivery global average check remains steady at 2x the average at restaurant check. Year-over-year, we continue to see double-digit or higher McDelivery comp sales increases across many of our major markets."third quarter, Credit Suisse said Wednesday

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Don't understand this - when I have bought any McDonalds at the restaurant counter, it bare reaches ambient room temperature - what's it like after 20-30 minutes on a bike

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

CEO of Maven Clinic credits success to her early days as a journalist - Business InsiderKate Ryder says that to sell a product, you have to tell a story. She learned to be a storyteller from being a journalist and it's helped her business.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Kevin Plank is stepping down as CEO of Under Armour - Business InsiderPlank, who founded the company in 1996, will become executive chairman and brand chief. COO Patrik Frisk will take on his duties as the new CEO.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Under Armour's new CEO Patrik Frisk will face challenges - Business InsiderPatrik Frisk will be taking over from Kevin Plank as Under Armour's CEO on January 1. These are some of the biggest challenges he'll face. That is a man? Could have fooled me.
Source: BusinessInsider - 🏆 729. / 51 Read more »

ServiceNow says ex-SAP boss Bill McDermott will be its new CEO - Business InsiderBill McDermott, who just stepped down as SAP’s chief, will be the new CEO of ServiceNow, replacing John Donahoe, who has been tapped to lead Nike.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Plaid CEO on hiring best talent for US fintech unicorn startup - Business InsiderThe CEO of a US fintech unicorn worth more than $2.6 billion spends a third of his time recruiting. Here's why he 'hires for spikes' rather than seeking well-rounded candidates.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Facebook sees TikTok as a threat, but Snapchat CEO sees it as a friend - Business InsiderWhen asked if TikTok is a friend or foe to Snapchat, Snap cofounder and CEO Evan Spiegel gave a definitive answer: 'Friend.' Do You Want To create amazing car intro logo animation video in 5$ ? Visit My Portfolio: Please Contact Me: logo logointro intro introvideo introanimation animationvideo animationlogo video YouTube Fiverr RT HuwDaviesCooke
Source: BusinessInsider - 🏆 729. / 51 Read more »