Since 2017, the market for international food delivery has tripled in size to $150 billion. The majority of this rise occurred, particularly in the United States, during the COVID-19 epidemic. During this time, the U.S. market for meal delivery more than doubled. Uber Technologies, Walmart, and Amazon are a few of the top delivery stocks to buy right now, according to hedge funds. By 2023, internet meal delivery sales might reach $220 billion, according to research by Restaurant Drive. By 2025, it is anticipated that the $24 billion online grocery sector will have grown to $120 billion. However, the delivery industry continues to be a scale-driven, low-margin, cost-intensive industry. The development of the sector will determine which stakeholders profit or lose as a result of factors including brand, real estate, operational efficiency, and the variety of products.
Insider Monkey highlights the 10 best delivery stocks to invest in. Simply Eat Takeaway, A marketplace for internet meal delivery is run by N.V. On August 3, the company announced its first-half earnings, announcing losses per share of €16.34. Revenue for the period was €2.78 billion, an increase of more than 57% from the same period last year. Pizza delivery and carryout restaurants are operated and franchised globally by Papa John’s International, Inc. One of the most well-known delivery stocks to invest in is the business. Following a record-breaking 123 store openings in the first half of 2021, Papa John’s now projects opening 220-260 new locations this year. Burger King, Popeyes Louisiana Kitchen, Firehouse Subs, and Tim Hortons are all owned and operated by Restaurant Brands International Inc. In recent years, the corporation has been establishing a dividend history, steadily raising the payout for the previous six years. A logistics platform run by DoorDash, Inc. links retailers, customers, and dashers. The company is one of the top delivery stocks to buy. The firm opted to cease a grocery delivery contract with Walmart, according to media sources on August 29. One of the best stocks to invest in for delivery services is Domino’s Pizza, Inc. The second quarter of 2022’s earnings fell short of market expectations by $0.08. $1 billion in revenue was generated over the period, an increase of nearly 4% from the same period last year. For more details, click 10 Best Delivery Stocks To Invest In.
