Market Overview

Fast Food Earnings Roundup: Winners And Losers

Fast Food Earnings Roundup: Winners And Losers

At this point, most of the fast food companies have reported earnings for the recent quarter. Some of them have reported better-than-expected earnings, though revenue generation might have been a concern.

Let's look at the companies that have reported earnings and their current market price after the results.

  • McDonald's Corporation (NYSE: MCD) reported better than expected EPS of $1.45. Since its announcement, the stock shed approximately 6.9 percent.
  • Yum! Brands, Inc. (NYSE: YUM) is another company that delivered strong EPS. The stock has advanced about 1.7 percent higher.
  • Restaurant Brands International Inc (NYSE: QSR) provided a positive surprise when its EPS exceeded by $0.06. The stock has gained 6 percent since then.
  • Jack in the Box Inc. (NASDAQ: JACK) EPS topped by $0.20 to reach $1.07. The stock gained about 10.8 percent.
  • Wendys Co (NASDAQ: WEN) reported better than expected EPS and revenue. However, outlook dragged the stock down by 4.4 percent.
  • Sonic Corporation (NASDAQ: SONC) reported an EPS of $0.01 to $0.43. The stock has gained approximately 4.5 percent since the announcement.
  • Popeyes Louisiana Kitchen Inc (NASDAQ: PLKI) is scheduled to announce its second quarter results on August 16. Street analysts expect EPS of $0.47 on revenue of $63.39 million. In the first quarter, its EPS missed by $0.06.
  • Del Taco Restaurants Inc (NASDAQ: TAC) earned $0.01 more than the Street estimate of $0.12. Shares of the company traded up by 7.4 percent since the announcement on July 20.
  • Shake Shack Inc. (NYSE: SHAK) is slated to announce results on Wednesday after the market closes. Street expects EPS of $0.13 on revenue of $63.11 million. In the first quarter, its EPS exceeded by 60 percent.

Posted-In: Earnings News Previews Restaurants Movers Trading Ideas General Best of Benzinga


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