Last week, McDonald’s Corporation (NYSE: MCD) CFO Kevin Ozan presented on behalf of the company at the Bank of America Merrill Lynch Consumer and Retail Technology Conference. During his session, Ozan answered several analysts’ questions regarding the company’s early experiences with the partnership McDonald’s has struck with Uber Technologies ‘ UberEATS food delivery service. It’s been approximately a year since “McDelivery,” as McDonald’s delivery service is formally known, first started teaming up with UberEATS.
Ozan relayed that the partnership now delivers to over 5,000 restaurants in the U.S. Roughly 65% to 70% of delivery sales are incremental to McDonald’s existing business in participating restaurants. That number has increased from an estimate of 60% when McDonald’s first rolled out UberEATS to a smaller sample size of 2,000 restaurants last spring.