COVID-19 has made eating at McDonald's much cheaper: charts

McDonald’s (MCD) provides a helping hand with online offerings to attract consumers who have decided to simply prepare their food at home instead of venturing outside to visit a passage during the COVID-19 pandemic.
At least, this suggests new data from experienced restaurant analyst Jon Tower in Wells Fargo. Tower recorded a "significant increase" in the number of deals at McDonald's in May 2020 compared to May 2019. The Golden Arches positioned themselves to "gain market share" in the midst of the health situation and "take advantage" of market share opportunities from restaurants under severe pressure. in restaurants according to the tower.
McDonald's was most active in major markets such as New York City and Chicago (see Tower diagrams below).
Scroll to continue with the content
DISPLAY
McDonald's online offerings are increasing in New York.
McDonald's online offerings are increasing in Los Angeles.
McDonald's online offerings are on the up.
However, it is unclear whether the flood of deals did the trick for selling.
McDonald's stock has lost 5% since the beginning of the year and is one of the worst performing fast food stocks during this period as consumers have chosen more delivery-friendly options:
Wingstop: + 36% since the beginning of the year
Domino's Pizza: + 27% since the beginning of the year
Papa Johns: + 25% since the beginning of the year
Chipotle: + 18% since the beginning of the year
Yum! Brands: -9.8% since the beginning of the year
Shake Shack: -9.9% since the beginning of the year
Restaurant brands: -13% since the beginning of the year
Dunkin brands: -14% since the beginning of the year
Starbucks: -15% since the beginning of the year
McDonald’s announced in a sales update in early April that results in certain markets had "significantly" decreased due to the pandemic. The company saw a 3.4% drop in global sales in the same store later this month.
Brian Sozzi is the editor-in-chief and co-moderator of The First Trade at Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn.
Coca-Cola CEO: This is what our business currently looks like
Dropbox co-founder: In the future of work, it's all about
Hilton CEO: The hotel industry will recover from the coronavirus pandemic
Co-founder of Home Depot: States should decide when to open again after the worst corona virus
Levi's reports solid quarterly results, CEO says the jeans maker will get more out of the corona virus
Read the latest financial and business news from Yahoo Finance
Follow Yahoo Finance on Twitter, Facebook, Instagram, Flipboard, SmartNews, LinkedIn, YouTube and reddit.

You should check here to buy the best price guaranteed products.

Last News

Alec Baldwin describes emotional meeting with Halyna Hutchins’ family after shooting

How to stretch your budget this holiday season

Terry Bowden knew the departure of Rich Rodriguez was inevitable, expects new hire soon

What it will be like when Michael Strahan journeys to space

Omicron variant discovered in at least five states as millions prepare to gather for holidays

Body language can say a lot. Here's what one expert told us after studying Kamala Harris's and Pete Buttigieg's interactions on their joint trip to Charlotte.