QSR News & Analysis
2 articles
Market Mood
McDonald's (MCD) Stock Falls 10% YTD, Lowest Since August 2024
McDonald's (MCD) stock is trading at $275, the lowest level since August 2024. Year-to-date, the stock has decreased by 10%, contrasting with a nearly 3% gain for the Dow Jones Industrial Average (^DJI). Following lackluster first-quarter earnings, analysts expressed disappointment, noting a 3.9% same-store sales increase compared to competitors like Burger King's 5.8% jump. Despite resilient 1Q results with 3.8% global comps, concerns about future performance have led to a Hold rating from analysts.
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Restaurant Brands (Q1) earnings beat expectations with $2.26B revenue
Restaurant Brands International (QSR) reported Q1 earnings of $338 million, or 97 cents per share, up from $159 million, or 49 cents per share, a year earlier. Adjusted earnings per share (EPS) were 86 cents, beating expectations of 82 cents, while revenue reached $2.26 billion, exceeding the forecast of $2.24 billion. Same-store sales increased 3.2%, driven by 5.8% growth at Burger King, surpassing estimates of 3.5%. However, challenges such as high beef costs and competitive pressures at Popeyes, which saw a 6.5% decline in same-store sales, were noted as potential risks for the company.
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