Traditional Fast Food Stocks Post Mixed Q1 as Restaurant Brands Shares Fall 12%

Earnings
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Summary · why it matters

Traditional fast food stocks reported a strong first quarter overall, with aggregate revenues beating analyst consensus estimates by 1.4%, but share prices have declined 3.7% on average since the latest earnings results. Restaurant Brands International posted revenue of $2.26 billion, up 7.3% year on year and exceeding expectations by 0.9%, yet its stock fell 12% to $71.91. El Pollo Loco was the best performer, with revenue of $126.2 million beating estimates by 3.2% and its stock rising 14.2% to $15.44. Papa John's was the weakest, with revenue of $478.6 million missing estimates by 1.4% and declining 7.7% year on year, though its stock edged up 2.9% to $34.78. Krispy Kreme reported revenue of $367 million, down 2.2% year on year but slightly above estimates, while McDonald's revenue rose 9.4% to $6.52 billion, beating estimates by 0.7%.

Impact on stocks 5

Consumer Discretionary± Mixed · 5 stocks
Krispy Kreme Inc
DNUT
± MixedCapitalrelevance

Revenue slightly above estimates but down year on year; stock not mentioned as moving.