Traders Eye McDonald's (MCD), Yum! (YUM) Following Burger King's Q1 Numbers
Tweet Send to a FriendGet Alerts MCD Hot Sheet
Price: $101.50 -0.04%
EPS Growth %: +11.2%
Financial Fact:
Weighted-average shares outstanding-basic: 1B
Today's EPS Names:
MGT, RXN, KID, More
EPS Growth %: +11.2%
Financial Fact:
Weighted-average shares outstanding-basic: 1B
Today's EPS Names:
MGT, RXN, KID, More
Trade MCD Now!
Investors will be keeping an eye on McDonald's (NYSE: MCD), Wendy's (NYSE: WEN), and Yum! Brands (NYSE: YUM), among others, following first-quarter results from Burger King Holdings.
BK reported a 3.2 percent increase in revs to $569.9 million. BK also swung to profit in the quarter as operating costs fell 0.7 percent. The bottom line moved from a loss of $5.9 million to a gain of $25 million. After adjustments, net income moved 74 percent higher to $48 million.
Comps improved from down 2.8 percent in the year-ago quarter to a gain of 4.6 percent. Europe, Middle East and Africa (EMEA) and Latin America and Caribbean (LAC) showed the strongest comps growth, up 6.6 percent and 9.9 percent, respectively.
Results come as peer McDonald's reported comparable-store sales growth of 3.3 percent for April, which was lower than its own expectations calling for 4 percent of growth and 6 percent of growth recorded in the same period last year.
BK peers have all opened lower Wednesday morning.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
BK reported a 3.2 percent increase in revs to $569.9 million. BK also swung to profit in the quarter as operating costs fell 0.7 percent. The bottom line moved from a loss of $5.9 million to a gain of $25 million. After adjustments, net income moved 74 percent higher to $48 million.
Comps improved from down 2.8 percent in the year-ago quarter to a gain of 4.6 percent. Europe, Middle East and Africa (EMEA) and Latin America and Caribbean (LAC) showed the strongest comps growth, up 6.6 percent and 9.9 percent, respectively.
Results come as peer McDonald's reported comparable-store sales growth of 3.3 percent for April, which was lower than its own expectations calling for 4 percent of growth and 6 percent of growth recorded in the same period last year.
BK peers have all opened lower Wednesday morning.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- J.P. Morgan (JPM) CEO Dimon Might Have Enough Votes to Stay Chairman - NY Times
- UPDATE: Move Inc (MOVE) Higher, Citron Says Long on Twitter
- Canadian Solar (CSIQ) Continues Higher Following Arbitration Win Over LDK (LDK)
Create E-mail Alert Related Categories
Earnings, Trader Talk
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
