|Bid||59.43 x 900|
|Ask||59.99 x 1100|
|Day's range||59.14 - 60.50|
|52-week range||25.08 - 79.46|
|Beta (5Y monthly)||1.13|
|PE ratio (TTM)||24.14|
|Forward dividend & yield||2.08 (3.60%)|
|Ex-dividend date||16 Jun 2020|
|1y target est||N/A|
Top news and what to watch in the markets on Thursday, June 4, 2020.
Popeyes Louisiana Kitchen, a subsidiary brand of Restaurant Brands International (NYSE: QSR) or RBI, is using its chicken sandwich profits as a springboard for a major makeover and global expansion. Upcoming plans include a push into new markets, further development in existing international markets, and a total redo of the look of everything from food wrappers to restaurant architecture and signage. Consumers' skyrocketing hunger for chicken sandwiches proved strong enough for Popeyes to come through even the COVID-19 pandemic relatively unscathed.
Restaurant Brands (QSR) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Restaurant Brands International (QSR) comps continue to benefit from robust digital platform.
Chowing down on chicken appears to be a nearly pandemic-proof trend in the U.S., as Restaurant Brands International (NYSE: QSR) reported today. The company detailed a more than 40% increase in same-store sales at Popeyes "as of the third full week in May." Even with the coronavirus on the loose in March, the restaurant's sales remained flat year over year rather than declining, unlike RBI's other major brands and its competitors. According to the same SEC filing, sales at Burger King and Tim Hortons, RBI's two other main brands, are still posting negative same-store sales figures year over year, but have improved from the second half of March.
KFC is jumping into the chicken sandwich wars with a new chicken sandwich test.
Turning its attention to the "fried chicken sandwich wars," Yum! Brands (NYSE: YUM) subsidiary KFC will start testing an upgraded chicken sandwich today in Orlando, Florida. The bigger, better chicken offering costs $3.
Kentucky Fried Chicken on Tuesday will begin testing an overhauled sandwich featuring a bigger chicken filet and other modifications that could reignite last year's Great Chicken Sandwich Wars with rivals Popeyes and Chick-fil-A. Brands Inc, will sell the new version of its chicken sandwich for 26 days - or until supplies run out - at 15 locations in and around Orlando, Florida for $3.99. The larger chicken filet will come on a brioche bun with thick pickle slices and mayonnaise.
Fast food giant Taco Bell is ramping up hiring and announced today that it will be hiring 30,000 workers this summer.
The restaurant sector will take time to recover from the economic fallout of COVID-19, but McDonald’s (MCD) is well positioned long term, says one analyst.
The probability that U.S. restaurants will default has soared in recent weeks as a result of the devastating COVID-19 pandemic, according to S&P Global Market Intelligence.
States across the U.S. are beginning to reopen parts of their economies, and a surprising number of consumers are willing to visit restaurants as soon as they reopen, according to a new survey by Piper Sandler.
In an open letter published this morning, Restaurant Brands International (NYSE: QSR) described the changes it's making to reassure customers and staff of their health and safety as it begins the process of reopening. RBI, parent company of the well-known Burger King, Popeyes, and Tim Hortons brands, closed its dining rooms during March in accordance with government orders intended to slow the spread of COVID-19. The safety steps assist in protecting customers while letting them enjoy a normal dine-in meal at the restaurants.
Fried chicken chain Popeyes is forging ahead with the opening of its first outlet in China despite the coronavirus outbreak and plans to set up "a few more" by the end of the year in several Chinese cities, its executives said on Tuesday. The Cajun-inspired fast food company, which said last year it planned to open 1,500 restaurants in China over the next decade, open its first outlet in the financial hub of Shanghai on Friday. "It will have a temporary effect," Korhan Kurdoglu, vice chairman of restaurant operator TFI Tab Foods Investments (TFI), said of the coronavirus, which has infected 4.2 million people worldwide after emerging in China last year.
(Bloomberg) -- Tencent Holdings Ltd. is backing a big expansion by coffee and doughnut chain Tim Hortons across China, making its latest investment in physical retail to shore up its WeChat mobile payments network.China’s largest social media and gaming company is investing an unspecified amount in a Chinese outfit run jointly by Restaurant Brands International Inc. and the Cartesian Capital Group, the joint venture said in a statement. As part of the agreement, the internet giant will help the Canadian chain expand to some 1,500 outlets across the country from roughly 50 now, while digitizing operations and logistics.Tencent and Alibaba Group Holding Ltd. are increasingly butting heads in brick-and-mortar retail, where they hope to overhaul outmoded operations through the use of data analysis and online payments. Enlisting nationwide merchants with high volumes has proven key to the competition between WeChat Pay and Alibaba-backed Alipay, which remains the leader in mobile transactions. Tencent signed a similar partnership agreement in 2018 with Luckin Coffee to explore new-fangled concepts from robotic delivery to payments using facial recognition, but the latter company has since been battered by an accounting probe. Alibaba has teamed up with Starbucks Corp. on delivery.China may provide a boost for a brand that has struggled to expand internationally. Restaurant Brands -- which also owns the Burger King and Popeyes names -- set up the first Tim Hortons in Shanghai in 2019 and the financial hub remains a sliver of the brand’s global network of some 4,800 outlets.Read more: Tencent and Alibaba Bring Their Battle for Supremacy to CoffeeFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
With that, I will now turn the call over to our chairman and CEO, Dan Accordino. As you will recall from our Q4 call, we began 2020 with optimism with respect to what we intended to accomplish this year in improving operations across our restaurants, resetting our priorities in terms of capital allocation, and generating free cash flow.
At this time, I would like to welcome everyone to the FY 2020 first-quarter financial results conference call. To access the press release and the financial results details, please see the Investor Relations and News section of our website at www.partech.com.
Yahoo Finance speaks with Wingstop CEO Charlie Morrison following a bang up first quarter. Here's what drove some savory sales gains.
Shares of Restaurant Brands International (NYSE: QSR) jumped 23.2% higher in April, according to data from S&P Global Market Intelligence. It represented a battle for the restaurant operator to overcome the steep plunge it suffered in March as a result of the coronavirus being declared a pandemic. Restaurants were among the first businesses ordered closed by the government to help contain the spread of COVID-19, but fast food chains in particular benefited from being allowed to stay open so long as it was for carryout or delivery orders.
The first-quarter results for Restaurant Brands International Inc. (NYSE:QSR) were released last week, making it a...