巴克莱-美股-餐饮行业-美国餐饮业：传递、数字与忠诚——重大机遇评估.docxVIP

CORE Equity Research 9 October 2018 U.S. Restaurants Delivery, Digital Loyalty… Sizing Up the Outsized Opportunity Delivery, digital loyalty (all things technology accessibility) are prevalent / expanding themes in the restaurant industry. There is not a conference call, presentation or analyst day where these topics are not discussed, with almost all now actively testing or already executing various initiatives. There are clear early winners in this new world, led by Domino’s Starbucks (and Panera, private). That said, other aggressive adopters are closing the gap, led by Dunkin’