Digitalization of operations and contactless delivery services helped fast-food restaurants maintain their sales amid the COVID-19 pandemic. But these restaurants have been witnessing increasing foot traffic lately, owing to the strong vaccination drive, a decline in COVID-19 cases, and the easing of travel restrictions. The global quick-service restaurant market is expected to grow at 5.1% CAGR to $815.60 billion by 2026. So, both MCD and WING are expected to benefit.
But while WING’s shares have lost 6.8% in price over the past month, MCD surged marginally. MCD is a clear winner with 16.1% gains versus WING’s 15.9% returns in terms of their past nine months’ performance. But which of these stocks is a better pick now? Let’s find out.