Friday, October 25, 2019

ICYMI: McDonald's Is Now Delivering $4 Billion Worth of Food Per Year (MCD)

From AgWeb, October 24: 

10 McDelivery Orders Per Second
People are actually ordering McDonald’s for delivery. Lots of them.

In fact, for 2019, the company's delivery business is projected to reach $4 billion. That's 10 McDelivery orders per second. Who’d a thunk it?

McDonald's CEO Stephen Easterbrook told reporters and investors on a conference call this week, "Whilst we're on this call, customers will likely place 36,000 McDelivery orders."

Who are these people that are so busy they don’t have time for fast food? That’s a serious question, and one cattle producers need to understand if beef is to compete in this rapidly changing environment.
Here’s the chief reason Easterbrook is so giddy over McDelivery.

"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."...
....MORE