Ultra-fast delivery
On Monday, 3/14 @ 2 PM, we will be hosting a call with Matt Newberg, Founder, HNGRY. HNGRY is a subscription media platform exploring how Technology reshapes our food system through trends like ghost kitchens, micro grocery fulfillment, fungi-based proteins, personalized nutrition, and much more. The call will take a deep dive into the business models of the critical food delivery companies. We will also discuss the viability of the vertically-integrated convenience delivery model and the implications of critical players like DASH, AMZN, UBER, and others.
Topics include:
- How big can the 1st party ultrafast delivery category be? Is this a positive for DASH's DashMart service?
- What are the drawbacks of vertically integrated quick commerce?
- Will traditional grocers get into quick commerce?
- How big will AMZN be in sub-same-day delivery?
Hedgeye clients can get a 20% off coupon to subscribe use code HEDGEYE20.
Subscribers CLICK HERE for event details (includes video and materials link)
Culturally significant
MCD is a LONG
In 1990, the opening of the first McDonald's in Moscow's Pushkin Square was a significant cultural event for opening up USSR to the West. Yesterday, MCD temporarily closed 850 restaurants putting 62,000 employees out of work. At less than 3% of Operating income, it's not a big deal for MCD, but it is for millions of Russian consumers who love MCD.
JACK/TACO
I don't see how this ends well. Greater scale?
Yesterday JACK closed on the $585M acquisition of Del Taco Restaurants The company said Jack in the Box and Del Taco are now positioned as stronger QSR players with greater scale and can enhance the guest experience while pursuing profitable growth. CEO update: "We have ambitious growth plans for our combined company, and we are excited for the many exciting opportunities ahead. Together, Jack in the Box and Del Taco will benefit from a stronger financial model, gaining greater scale to invest in digital and technology capabilities, and unit growth for both brands."
