Dunkin' Brands (DNKN) Tops Q1 EPS by 1c, Revenues Beat, Comp. Store Sales Down 2%; Suspends Dividend
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Fast food sector hopes stimulus checks boost sales after tough quarter
April 28, 2020 11:58 AM EDTBy Hilary Russ and Nivedita Balu
(Reuters) - Slumping sales at big fast food chains could get a boost as hungry and restless customers spend stimulus checks after long lockdowns, analysts and some operators said ahead of quarterly earnings that will show the extent of damage from the coronavirus slowdown.
McDonald's Corp (NYSE: MCD) and Starbucks Corp (NASDAQ: SBUX) issued earnings updates on April 8 that showed a sales hit from coronavirus disruptions. Investors will get more information this week - along with updated outlooks - when they and other... More
