Overview
- McDonald’s, which beat forecasts Thursday, reported $6.52 billion in revenue and $2.83 adjusted EPS as global comparable sales rose 3.8%.
- U.S. comparable sales at McDonald’s grew 3.9% on value offers and new menu items, and the CEO warned higher gas prices could slow demand.
- Restaurant Brands International on Wednesday topped estimates with $2.26 billion in revenue and $0.86 adjusted EPS, driven by a U.S. Burger King turnaround with 5.8% same‑store growth.
- Despite RBI’s beat, shares fell about 6% as Tim Hortons missed expectations and Popeyes logged a 6.5% same‑store sales decline.
- Shake Shack shares dropped nearly 30% Thursday after revenue of $366.7 million and a $2.6 million operating loss, with management pointing to higher beef costs, winter storms, and a CFO change effective May 11.