We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
McDonald's (MCD) to Launch Nationwide Loyalty Program in July
Read MoreHide Full Article
McDonald's Corporation (MCD - Free Report) is all set to launch its first-ever loyalty program in the United States on Jul 8. This is brilliant news for its loyal fans. It is worth mentioning that the company started testing its loyalty program in November last year. Notably, the company already has a loyalty program in other countries like France.
The company announced that MyMcDonald’s Rewards will be available via the McDonald’s app nationwide. Following the launch, the company’s customers will get 100 points for every one dollar spent. Customers will get 1,500 points once they join the loyalty program. Items like hash browns, vanilla cone, McChicken or a cheeseburger will cost just 1,500 points. If customers have 6,000 points, they can be redeemed for Big Mac or a Happy Meal.
The new loyalty program will not only help in retaining its customers but will also help the company in expanding its customer base. We believe this loyalty program will aid sales. The company’s loyalty program is likely to drive average checks.
Image Source: Zacks Investment Research
Stock Performance
In the past six months, the company’s shares have gained 11.9%, compared with the industry’s rally of 10.8%.
During the coronavirus pandemic, the company has been focusing on drive-thru, delivery & take-away. Prior to the coronavirus crisis, drive-thru accounted for about two-thirds of all sales in the United States. Drive-thru now accounts for approximately 90% of sales. The company has more than 25,000 drive-thrus globally. Moreover, McDonald’s continues to roll out mobile order and pay, with a new curbside check-in option. To provide enhanced experience and convenience to customers, the company is increasingly focusing on delivery. It provides delivery from more than 30,000 restaurants in above 75 countries, compared to nearly 3,000 restaurants over the past 4 years.
Some better-ranked stocks in the same space include Dine Brands Global, Inc. (DIN - Free Report) , Texas Roadhouse, Inc. (TXRH - Free Report) and Fiesta Restaurant Group, Inc. . While Dine Brands and Texas Roadhouse sport a Zacks Rank #1, Dave & Buster's carries a Zacks Rank #2 (Buy).
Dine Brands’ 2021 earnings are expected to surge 269.3%.
Texas Roadhouse has a three-five year earnings per share growth rate of 10%.
Fiesta Restaurant earnings in 2021 are likely to witness growth of 400%.
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +50%, +83% and +164% in as little as 2 months. The stocks in this report could perform even better.
Image: Bigstock
McDonald's (MCD) to Launch Nationwide Loyalty Program in July
McDonald's Corporation (MCD - Free Report) is all set to launch its first-ever loyalty program in the United States on Jul 8. This is brilliant news for its loyal fans. It is worth mentioning that the company started testing its loyalty program in November last year. Notably, the company already has a loyalty program in other countries like France.
The company announced that MyMcDonald’s Rewards will be available via the McDonald’s app nationwide. Following the launch, the company’s customers will get 100 points for every one dollar spent. Customers will get 1,500 points once they join the loyalty program. Items like hash browns, vanilla cone, McChicken or a cheeseburger will cost just 1,500 points. If customers have 6,000 points, they can be redeemed for Big Mac or a Happy Meal.
The new loyalty program will not only help in retaining its customers but will also help the company in expanding its customer base. We believe this loyalty program will aid sales. The company’s loyalty program is likely to drive average checks.
Image Source: Zacks Investment Research
Stock Performance
In the past six months, the company’s shares have gained 11.9%, compared with the industry’s rally of 10.8%.
During the coronavirus pandemic, the company has been focusing on drive-thru, delivery & take-away. Prior to the coronavirus crisis, drive-thru accounted for about two-thirds of all sales in the United States. Drive-thru now accounts for approximately 90% of sales. The company has more than 25,000 drive-thrus globally. Moreover, McDonald’s continues to roll out mobile order and pay, with a new curbside check-in option. To provide enhanced experience and convenience to customers, the company is increasingly focusing on delivery. It provides delivery from more than 30,000 restaurants in above 75 countries, compared to nearly 3,000 restaurants over the past 4 years.
Zacks Rank & Key Picks
Chipotle currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Some better-ranked stocks in the same space include Dine Brands Global, Inc. (DIN - Free Report) , Texas Roadhouse, Inc. (TXRH - Free Report) and Fiesta Restaurant Group, Inc. . While Dine Brands and Texas Roadhouse sport a Zacks Rank #1, Dave & Buster's carries a Zacks Rank #2 (Buy).
Dine Brands’ 2021 earnings are expected to surge 269.3%.
Texas Roadhouse has a three-five year earnings per share growth rate of 10%.
Fiesta Restaurant earnings in 2021 are likely to witness growth of 400%.
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +50%, +83% and +164% in as little as 2 months. The stocks in this report could perform even better.
See these 7 breakthrough stocks now>>