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MarketScreener Homepage  >  Equities  >  Nyse  >  McDonald's Corporation    MCD

MCDONALD'S CORPORATION

(MCD)
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McDonald : Eflyn Launches Self Checkout Machines for Shopify; Helps Businesses Stay Open With Contactless Purchasing

11/19/2020 | 01:01pm EST

The California-based tech manufacturer launches self checkout machines for Shopify. Retail shop owners launching Shopify sites due to COVID-19 restrictions can now offer contactless self checkout with McDonald’s-style kiosks. The fully automated self checkout machines connect directly to Shopify so retailers can use one centralized system to manage all their products and orders, in-store and online.

Orange, CA, November 19, 2020 --(PR.com)-- Today, Eflyn announces public availability of its Shopify self checkout kiosks. The Self Checkout machines that have been available to select clients for the past year are now available for general retailers. Starting today, retail store owners can immediately offer their entire product line directly from their Shopify website on a fully automated McDonald’s style self checkout kiosk.

In recent years, Shopify has become one of the largest eCommerce platforms in the world powering over one million businesses in 175 different countries. [1] Many small- and medium-sized businesses use this platform exclusively to take payments in their stores. However Shopify currently does not offer a contactless in-store purchasing solution, and Eflyn is working to fill that gap with the same self checkout machines the company popularized with restaurant franchises.

According to Main Street America, at least 7.5 million small businesses in the United States will shut permanently if business disruption caused by COVID-19 continues unabated. [2] Contactless self serve technology can significantly limit the interactions between employee and customer, making it an effective and safe way to keep businesses operating safely during the pandemic and afterwards.

With the Eflyn Shopify Kiosk, business owners can now add self order technology into their retail space without having to go through any formal integration process. All reporting, products and inventory are completely centralized into one system for both online and in-person sales. Shopify Kiosk also supports in-person payments with EMV, Chip and Pin, Apple Pay and Google Pay.

“There have been many businesses across the country that have suffered great losses during COVID-19. As a business owner myself, I know how difficult this has been,” said Rashid Qadri, Founder & CEO, Eflyn. “We have spent countless nights working on this project and I am proud to say that with the support of our incredible workers, Eflyn is now ready to help.”

For more information on the Shopify Kiosk or any of Eflyn’s other products or services, please visit www.eflyn.com. Eflyn Mississauga, Ontario and Orange, CA showrooms are currently open by appointment. Please email info@eflyn.com if you have any questions or would like to book an appointment.

About Eflyn Inc.
Eflyn Electronics Ltd. is an industry leader in developing digital display and self checkout kiosk technology. The company’s product line includes touchscreen kiosks, self automation kiosks, video walls, self service ordering solutions and interactive applications. The company’s Canadian head office and showroom is located at 43-6535 Millcreek Dr., Mississauga, ON L5M 0A9, and its U.S. branch is located at 1912 N Batavia St., Ste J, Orange, CA 92865.

Media Contact
Aamna Qureshi
Director, Strategic Communications
aamna@eflyn.com

References:

[1] https://news.shopify.com/shopify-announces-third-quarter-2020-financial-results

[2] https://www.mainstreet.org/blogs/national-main-street-center/2020/04/09/new-report-the-impact-of-covid-19-on-small-busines

Contact Information:
Eflyn Electronics Ltd.
Dawar Rashid
647-997-3274
Contact via Email
www.eflyn.com

Read the full story here: https://www.pr.com/press-release/825623

Press Release Distributed by PR.com

Copyright © 2020 PR.com and its licensors , source US Press Releases

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Financials (USD)
Sales 2020 19 257 M - -
Net income 2020 4 669 M - -
Net Debt 2020 33 615 M - -
P/E ratio 2020 33,8x
Yield 2020 2,41%
Capitalization 156 B 156 B -
EV / Sales 2020 9,87x
EV / Sales 2021 8,57x
Nbr of Employees 205 000
Free-Float 44,8%
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Mean consensus BUY
Number of Analysts 36
Average target price 240,80 $
Last Close Price 209,91 $
Spread / Highest target 26,7%
Spread / Average Target 14,7%
Spread / Lowest Target -0,43%
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Managers and Directors
NameTitle
Christopher Kempczinski President, Chief Executive Officer & Director
Enrique Hernandez Independent Chairman
James R. Sappington Executive VP-Operations & Technology Systems
Kevin M. Ozan Chief Financial Officer & Executive Vice President
Daniel Henry Global Chief Information Officer & Executive VP
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