Traders Eye McDonald's (MCD), Yum! (YUM) Following Burger King's Q1 Numbers
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Price: $270.95 +0.68%
Financial Fact:
Earnings per common share-basic: 1.52
Today's EPS Names:
BTTX, VAXX, ELYS, More
Financial Fact:
Earnings per common share-basic: 1.52
Today's EPS Names:
BTTX, VAXX, ELYS, More
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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.
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.
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