McDonald's (MCD) - Get Report recent efforts to streamline and bring technology to its business model in the form of food delivery, touch-screen ordering kiosks, and mobile payments will present the fast-food giant with a substantial payoff, Wells Fargo noted on Monday.

McDonald's "Experience the Future" initiative, the company's overall growth strategy, could "drive sales growth of 1% at stores open at least 12 months as early as next year," the firm wrote.

The "Experience the Initiative" strategy has led to a mid-single digit jump in same-store-sales in Canada and the UK, while delivery efforts could drive a 2% to 3% increase in per-share profit growth by 2018, Wells Fargo suggested.

"It's still early days, but [McDonald's] delivery performance has impressed, including 60% of sales after 4 p.m. and a delivery check that is two times larger than average," the firm added.

Wells Fargo anticipates delivery additions peaking at 12,000 units, which could provide a 1.1% bump in same-store sales by the final quarter of 2019.

Shares of McDonald's were climbing during mid-morning trading on Monday.



What's Hot On TheStreet

A VIP gives his market outlook: Nobel Prize winning-economist Robert Shiller told TheStreet's Anders Keitz that U.S. equities markets are "quite high" currently but may go even higher in coming months, and that's why he's not exiting the market completely. Indeed there's another thing that could have an unpredictable effect on the market Shiller explains: The narrative around Donald Trump.

"Short-run forecasting of the market is very hard," said Shiller. "I think it's a time for caution, but it could go up substantially."

Apple iPhone 8 pictures leak: Apple's (AAPL) - Get Report iPhone 8 looks kind of cool. That is if yet another photo leak is to be believed. Noted Apple information leaker Benjamin Geskin tweeted photos of an alleged iPhone 8 finished prototype on Thursday evening (head here to see). Suffice it to say, Apple is gearing up for the mother of all product launches. And consumers look ready to respond.

About 92% of iPhone owners say they are "somewhat likely or "extremely likely" to upgrade their smartphone in the next 12 months, according to a note from Morgan Stanley. The loyalty rate is up sharply from 86% one year ago.

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