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

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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

 

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