Better Buy: McDonald's vs. DoorDash
Digital is taking over far more than shopping and finance, and COVID-19 has fast-tracked digital adoption in many industries. Food is joining the digital revolution, and two of the top players are McDonald's (NYSE: MCD) and DoorDash (NYSE: DASH). McDonald's is the established leader in fast food, and DoorDash is the hot IPO. Which one is the better buy?
McDonald's is the largest fast food chain in the world with nearly 40,000 global restaurants, most of which are franchised. 2020 wasn't the greatest year for the burgers and fries giant as dining rooms were closed for a significant amount of time, but by the fourth quarter it had mostly recovered. Sales increased 1% and comps decreased 1%, but U.S. comps were positive at 5.5%. It opened 1,000 new restaurants during the year and renovated another 900. Most importantly, 25,000 stores -- in other words, more than half -- have a drive-thru, which gave it an advantage during the pandemic.
Image source: Getty Images.
Source Fool.com
