McDonald's & Yum! Brands: BigMac, Taco or Gas?
McDonald's, the world's largest restaurant company, beat on stronger overseas sales.
Net income +24%; revenue +6%. Same store quarterly sales in Europe +11%; Asia +9%; for March in the US the 1st decline since 2003; -0.8%.
YUM! Brands, the owner of the Pizza Hut, Taco Bell and KFC, the world's largest fast-food company by number of locations...
reported Q3 profit that exceeded analysts' estimates (net income +17%, revenue +13%) and raised its full-year forecast.
Same-store sales climbed 11% in China, and 7% in its international division. International revenue made up 52% of the Q3 total, up from 43% a year earlier.
Taco Bell sales have slumped 6% in the U.S. following an E. coli outbreak last year.
Net income +24%; revenue +6%. Same store quarterly sales in Europe +11%; Asia +9%; for March in the US the 1st decline since 2003; -0.8%.
YUM! Brands, the owner of the Pizza Hut, Taco Bell and KFC, the world's largest fast-food company by number of locations...
reported Q3 profit that exceeded analysts' estimates (net income +17%, revenue +13%) and raised its full-year forecast.
Same-store sales climbed 11% in China, and 7% in its international division. International revenue made up 52% of the Q3 total, up from 43% a year earlier.
Taco Bell sales have slumped 6% in the U.S. following an E. coli outbreak last year.
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