Building Block Associates

  • Home
  • Products & Solutions
    • View Supplies
    • What's In Season
    • Manage Mie Foodservice Manager
    • Foodservice Webinars
    • Become A Member
  • Online Store
  • Social Chat Blog
    • Foodservices News
  • Contact Us
  • Careers
  • Home
  • Products & Solutions
    • View Supplies
    • What's In Season
    • Manage Mie Foodservice Manager
    • Foodservice Webinars
    • Become A Member
  • Online Store
  • Social Chat Blog
    • Foodservices News
  • Contact Us
  • Careers

McDonald's will be the first fast-food chain to have mobile ordering at all US restaurants

4/18/2017

0 Comments

 
Picture
The fast-food giant will roll out mobile smartphone ordering and payment functionality to all 14,000 domestic restaurants by the fourth quarter of 2017. Image: Daniel Acker, Bloomberg, Getty Images
Investors should buy McDonald's shares because it will be the first major fast-food chain to have mobile order and pay functionality for all its U.S. restaurants, according to Wells Fargo, which raised its rating on the stock to outperform from market perform.

Also read, McDonald’s is catching up to other fast food chains with mobile pay.

"Restaurant consumers are aggressively gravitating toward concepts that offer the greatest level of convenience and control across ordering, payment and distribution," analyst Jeff Farmer wrote in a note to clients Monday. "Among the hamburger players, we believe that MCD is establishing a first-mover advantage with digital that can drive sustainable share gains in late 2017 and beyond."

Farmer cited how the fast-food giant will roll out mobile smartphone ordering and payment functionality to all 14,000 domestic restaurants by the fourth quarter of 2017. In addition, the company plans to install digital ordering kiosks in 2,500 stores by year-end, according to the analyst.

"Wendy's is closest in its own roll out timeline and expects to offer mobile order & pay across half of its system by the end of 2017, while Burger King and Jack in the Box are in test," the note said.

As a result, he raised his McDonald's valuation range to $145 to $150 from $125 to $130, representing 13 percent upside at the midpoint from Thursday's close.

"We believe that MCD will see a multi-year market share tailwind driven by … the company's marketing muscle and scale in communicating the concept's advancements in customer convenience and control," he wrote.

SOURCE Tae Kim, Michael Bloom, CNBC
0 Comments



Leave a Reply.

    Go to blog
    Advertisement

    RSS Feed

    News & Updates

    Stay informed with the latest news around foodservice, agriculture and other related food news.

    Do you Enjoy our E-news & Updates?
    Get our foodservice E-news, blogs and LTO's sent to your inbox, SUBSCRIBE HERE.

    Advertisement Opportunities 
    To get your foodservice business in our daily e-news, here.

    Archives

    March 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015

    Categories

    All
    Agriculture And Food Safety
    All Day Breakfast Menu
    Beans Benefits
    Beverage Company
    Building Construction
    Candy Company
    Carbonated Drinks
    Chicken Farm
    Dairy Production
    Fast Food
    Fast Food Chains
    Food Prices
    Generation Z
    Genetically Modified Organisms
    Gluten Free
    Grocery Retailer
    Healthy Meals For Kids
    Imported Foods
    Imported Foods From Other Countries
    Liquor Licence
    Milk Industry
    Milliennials
    National Food Holidays
    Nut Allergies
    Organic & Natural
    Processed Foods
    Produce Industry
    Restaurant
    Restaurant Management
    Restaurant Ordering System
    Restaurateurs
    Seafood
    Sustainable Resources
    Sweet Snacks
    Sweet Tasting Desserts
    Tree Nuts
    Value Menu Offering
    Ways To Reduce Food Waste

    Picture
    Advertisement
    Picture
Powered by Create your own unique website with customizable templates.