Burger King overtakes Wendy's as second-largest US fast-food burger chain

Earnings
โดย Yahoo Finance·US·Read original
Summary · why it matters

Burger King has surpassed Wendy's to become the second-largest fast-food hamburger chain in the United States by same-store sales, while also growing faster than market leader McDonald's. Burger King, part of Restaurant Brands International, posted an 8.3% increase in same-store sales in the second quarter, marking its fifth consecutive quarter of growth. In contrast, Wendy's same-store sales fell 7% overall and 8.2% in the US, its sixth straight quarterly decline. McDonald's comparable store sales rose just 1.3% in the same period. Restaurant Brands International reported revenue of $2.5 billion and net income of $665 million, compared with McDonald's $7 billion in revenue and $2.86 billion in net income.

Impact on stocks 3

Consumer Discretionary± Mixed · 3 stocks
The Wendy’s Co
WEN
▼ NegativeDemandrelevance

Wendy's same-store sales fell 7% overall and 8.2% in the US, sixth straight quarterly decline.

McDonald’s Corporation
MCD
▼ NegativeDemandrelevance

McDonald's same-store sales growth of 1.3% lags Burger King's 8.3%, indicating weaker demand.

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