|Bid||16.80 x 1000|
|Ask||17.72 x 4000|
|Day's Range||17.38 - 17.79|
|52 Week Range||13.67 - 18.68|
|Beta (3Y Monthly)||0.55|
|PE Ratio (TTM)||7.19|
|Earnings Date||Feb 12, 2018 - Feb 22, 2018|
|Forward Dividend & Yield||0.34 (1.95%)|
|1y Target Est||19.48|
Yahoo Finance's Adam Shapiro, Julie Hyman, Dan Roberts, and Brian Sozzi discuss Wendy's 2018 Q3 earnings and the future of the company after missing expectations.
Can McDonald’s Maintain Its Upward Momentum? Of the 31 analysts that follow McDonald’s (MCD), 74.2% favor a “buy” rating as of November 12, while the remaining 25.8% favor a “hold” rating. None of the analysts favored a “sell” recommendation.
While the rest of the stock market is faltering, restaurant stocks have managed to stay impressively resilient. The S&P 500 dropped meaningfully in October, and currently sits more than 5% off its trailing three-month high. But, the Invesco Dynamic Food & Beverage ETF (OTCMKTS:PBJ) currently sits right around trailing three-month highs, while many individual restaurant stocks are making fresh new all time highs.
Americans are losing their taste for chicken and eating more beef and pork as President Donald Trump's trade wars reduce U.S. pork exports to China and Mexico and leave cheaper bacon and ribs at home. An expansion in the number of U.S. hogs and cattle is contributing to the change in diets by boosting supplies of pork and beef. Restaurants are seizing on the increases to promote hamburgers instead of chicken, while grocery stores have featured pork.
Can McDonald’s Maintain Its Upward Momentum? For the next four quarters, analysts expect McDonald’s (MCD) to post adjusted EPS of $8.01, which represents growth of 5.5% from $7.59 in the corresponding four quarters of the previous year. The expansion of net margins and share repurchases are expected to drive the company’s EPS, while the decline in revenue could partially offset some of the growth in EPS.
Can McDonald’s Maintain Its Upward Momentum? For the next four quarters, analysts are expecting McDonald’s (MCD) to post revenue of $20.75 billion, which represents a fall of 2.1% from $21.20 billion in the corresponding four quarters of the previous year. Strategic refranchising of company-owned restaurants is expected to lower the company’s revenue in the next four quarters.
As of November 12, McDonald’s (MCD) was trading at $184.37, which is an increase of 10.6% since the announcement of its third-quarter earnings on October 23. For the quarter ended on September 30, McDonald’s posted adjusted EPS of $2.10 on revenues of $5.37 billion, outperforming analysts’ EPS expectations of $1.99 and revenue expectation of $5.32 billion.
McDonald’s (NYSE:MCD) has seen its stock surge to record highs. MCD stock has rocketed higher since its Oct. 23 earnings announcement. The earnings and revenue beat started an uptrend that has taken McDonald’s stock higher by over 10% within a two-week period.
While franchising is expected to boost earnings in the long term, reimaging of restaurants are hampering Wendy's (WEN) cost margins.
KeyBanc Capital Markets' Eric Gonzalez maintains a Sector Weight rating on Wendy's with no assigned price target but an $18 fair-value estimate. Wendys' same-store sales miss is attributed to its high-low strategy that didn't spur check growth, Gonzalez said in a note. Traffic growth was "only slightly negative" as the company says it took traffic share from its hamburger fast food peers but lost share to non-burger chains.
Anyone looking to pick up a Wendy’s Frosty Key Tag 2019 can do so at their local restaurants. What exactly does the Dave Thomas Foundation for Adoption have to do with Wendy’s Frosty Key Tag 2019. If price is a concern when considering purchasing a Wendy’s Frosty Key Tag 2019, don’t worry about it.
While growth in adjusted EBITDA and lower tax rate favor Wendy's (WEN) third-quarter earnings, lower comps at North America system raises concerns.
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Wendy’s Co. gained ground on its burger competitors, but slipped overall in the third quarter. On Tuesday, the Dublin-based restaurant company reported a 0.2 percent decline in same-restaurant sales in North America. CEO Todd Penegor, on a Wednesday morning call with stock analysts, said visits to Wendy’s restaurants were down in the quarter overall, though within the burger segment, Wendy’s was up.
Wendy's Co. shares sank 6.3% in Wednesday premarket trading after it reported third-quarter sales and same-store sales that missed expectations during after hours. Net income totaled $391.2 million, or $1.60 per share, up from $14.3 million, or 6 cents per share, last year. Adjusted EPS was 17 cents. Revenue totaled $400.6 million, up from $308.0 million last year. Global same-store sales rose 1.7%, while North American same-store sales fell 0.2% for the period. The FactSet consensus was for EPS of 15 cents, revenue of $405.0 million, global same-store sales growth of 2.4% and domestic same-store sales growth of 1.9%. Wendy's expects 2018 North American same-store sales growth of 1% and adjusted EPS of 56 cents to 58 cents. FactSet expects same-store sales growth of 1.9% and EPS of 73 cents. Wendy's stock is up 4% for the year to date while the S&P 500 index is up 4% for the period.
Wendy’s (WEN) posted its third-quarter earnings after the market closed on October 6. The company’s SSSG declined 0.2%, while analysts expected a rise of 1.7%. After Wendy’s posted its third-quarter earnings, management lowered its 2018 SSSG guidance for North American to ~1.0% from the previous guidance of 2.0%–2.5%.
Check out the companies making headlines before the bell: Target TGT – The retailer's stock was upgraded to "outperform" from "market perform" at Cowen, which cites good value at Target's stores, convenient digital pickup options, and private brand innovation.
The burger chain said that for its third quarter of its fiscal 2018, its same-restaurant sales grew 0.2% compared to its year-ago quarter, which was below what analysts were calling for. Wendy’s added that its revenue for the period came in at $2.52 billion for North America, $127 million for its international locations and $2.65 billion for all its stores around the world. This topped the $2.625 billion that the burger chain brought in during its year-ago quarter.
Wendy's Co on Tuesday reported quarterly sales at established outlets in North America below analyst estimates and lowered its same-store sales forecast for the year, as the burger chain struggles to lure customers in a fiercely competitive U.S. fast-food industry. Wendy's, much like its peers, has had to offer cheaper items with added promotions to get people to buy more products. Wendy's has launched a slew of promotions including "4 for $4", discounted Baconator Fries and a 50-cent Frosty dessert that compete with bundled meals offered by McDonald's $1, $2, $3 menu and Taco Bell's dollar menu.
Wendy's, much like its peers, has had to offer cheaper items with added promotions to get people to buy more products. Wendy's has launched a slew of promotions including "4 for $4", discounted Baconator Fries and a 50-cent Frosty dessert that compete with bundled meals offered by McDonald's $1, $2, $3 menu and Taco Bell's dollar menu. Wendy's same-restaurant sales in North America fell 0.2 percent in the quarter.