Asian Equities Analyst, Logistics & Transport, Tracking Traffic

Daniel Hellberg

Asian Equities Analyst, Logistics & Transport

Equity Capital Markets

Uber Technologies  / Equity Capital Markets

In publishing this piece we hope to achieve four broad objectives:
<ol>
<li>To define and estimate the size and potential medium-term growth of the on-demand food delivery (FD) sector in the US.</li>
<li>To identify and describe the main players in the US on-demand FD sector and to understand each player’s business model (and the financial results each model generates).</li>
<li>To point out some of the challenges facing incumbents and new market entrants like Uber Eats.</li>
<li>Finally, to show interested readers how Uber Eats fits into parent Uber Technologies, and how it may contribute to the parent company's valuation.</li>
</ol>
This is the second note in a series about the expected 2019 IPO of global ride-hailing giant <a href="https://www.smartkarma.com/entities/430" target="_blank" data-smartkarma-citation="entities:430:1">Uber Technologies (0084207D US)</a>. If you have not done so already, please check out <a href="https://www.smartkarma.com/profiles/803" target="_blank" data-smartkarma-citation="accounts:803">Valerie Law, CFA</a>'s overview, <a href="https://www.smartkarma.com/insights/uber-ipo-preview-its-sprawling-empire-and-battle-lines-part-1" target="_blank" data-smartkarma-citation="insights:25201">Uber IPO Preview: Its Sprawling Empire and Battle Lines (Part 1)</a>.

In publishing this piece we hope to achieve four broad objectives:

To define and estimate the size and potential medium-term growth of the on-demand food delivery (FD) sector in the US.
To identify and describe the main players in the US on-demand FD sector and to understand each player’s business model (and the financial results each model generates).
To point out some of the challenges facing incumbents and new market entrants like Uber Eats.
Finally, to show interested readers how Uber Eats fits into parent Uber Technologies, and how it may contribute to the parent company's valuation.

This is the second note in a series about the expected 2019 IPO of global ride-hailing giant Uber Technologies (0084207D US). If you have not done so already, please check out Valerie Law, CFA's overview, Uber IPO Preview: Its Sprawling Empire and Battle Lines (Part 1). 

Uber IPO Preview: Fast-Growing Uber Eats Has Become a Material Part of Uber (Part 2)

Making sense of the Global Market, Euromonitor International Ltd.

Yu Mitsuhashi

Making sense of the Global Market

Euromonitor International Ltd.

We are a global market research company focused on industries, countries, economies and consumers worldwide. Our cross-country comparable research helps your organisation identify opportunities and develop growth strategies in countries and regions across the globe. With offices around the world, 1,200 analysts in 100 countries and market research on every key trend and driver, we give you powerful access to the real story behind consumer change.

Thematic (Sector/Industry)

<ul class=""><li>Fast food grew by 4% in current value terms to reach USD247.1 billion in 2017, whilst transaction volumes are up 1%, with outlet numbers rising at a similar rate to reach 273,325.</li><li>Mobile ordering and delivery helped reach customers more conveniently, whilst price pressures increase competition.</li><li>Chained Latin American fast food sees the strongest current value growth of 7% in 2017.</li><li>Few changes are seen in the rankings, as McDonald’s remained the leader in fast food with a 15% value share in 2017.</li><li>Fast food is expected to see a value CAGR of 2% at constant 2017 prices in the forecast period, whilst transaction volumes and outlet numbers are set to see CAGRs of 1%.</li></ul>

Fast food grew by 4% in current value terms to reach USD247.1 billion in 2017, whilst transaction volumes are up 1%, with outlet numbers rising at a similar rate to reach 273,325.Mobile ordering and delivery helped reach customers more conveniently, whilst price pressures increase competition.Chained Latin American fast food sees the strongest current value growth of 7% in 2017.Few changes are seen in the rankings, as McDonald’s remained the leader in fast food with a 15% value share in 2017.Fast food is expected to see a value CAGR of 2% at constant 2017 prices in the forecast period, whilst transaction volumes and outlet numbers are set to see CAGRs of 1%.

United States

The Wendy's Company operates fast-food restaurants. The Company owns, operates, and franchises fast-food restaurants located throughout countries that include the United States, Singapore, the Middle East and North Africa, the Russian Federation, the Eastern Caribbean, Argentina, the Philippines and Japan.

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Wendy's Co/The (WEN US)

Uber IPO Preview: Fast-Growing Uber Eats Has Become a Material Part of Uber (Part 2)

In publishing this piece we hope to achieve four broad objectives: To define and estimate the size and potential medium-term growth of the...

Daniel Hellberg

Sector Capsule: Fast Food in the US

Fast food grew by 4% in current value terms to reach USD247.1 billion in 2017, whilst transaction volumes are up 1%, with outlet numbers rising at...

Euromonitor International Ltd.

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