If Uber’s IPO filing made anything clear, it’s that Uber Eats relies on its chain partnerships to survive. The McDonald’s partnership is critical to Uber’s success as a public company — and they know it. McDonald’s Corp. is working to make delivery more profitable for its franchisees — and that means it could turn to …
Continue reading “McDonald’s Knows How Much Uber Eats Needs Its Business”
Delivery is a high priority for McDonald’s CEO Steve Easterbrook, and a big worry for franchisees. Easterbrook expects a rapidly expanding delivery partnership with UberEats to drive sales growth. Franchisees grumble that delivery costs put more pressure on their tight profit margins. “Our margins do not allow for the commissions that Uber is taking nor …
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 …
Continue reading “McDonald’s Sees Positive Early Returns in Its Delivery Rollout”
