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Elasticated pants get ready for the snack attack! đ Hungry inflation might be trying to take a bite out of our wallets but it hasnât stopped us reaching for comfort food. And it looks like fast-food chains and diners are taking the biggest slice of the pie. đ„§Â
So too are some shareholders. Super Bowl rebuffer Burger King parent Restaurant Brands (QSR) plans to King-size their April dividend payments to a flaminâ good 3.3%. This follows strong fourth-quarter results that beat revenue expectations but slightly missed on earnings, just as incoming CEO Joshua Kobza readies to ascend his throne. đÂ
70-year-old Dennyâs (DENN) 24/7 low dollar dining ainât looking too shabby either. Has their tantalising March menu refresh added to their all-day Diner Deals got Denny's customers thirsty? đ° The company posted a fourth quarter âearnings surpriseâ of 12.50%. And their revenues of US$120.85 million chomped past Zacks Consensus Estimate by 0.15%, topping their previous year by a tasty 12.27%, with staffing and turnover now âcomparableâ to pre-pandemic levels.
Outback Steakhouse owner Bloomin' Brands (BLMN) might be yeehawing too following a share surge following their âmixedâ fourth-quarter earnings. đ„© They beat earnings estimates of US$0.65 a share landing at US$0.68. But thereâs sizzle ahead, the company announcing a US$125 million share buyback.
Shake Shack (SHAK) meanwhile is once bitten twice shy after price hikes in beef, fries, dairy, packaging and, erm, truffles, leading to a quarter net loss of US$11.1 million. đ âThough, while earnings per share (EPS) were down 6 cents (US), they were 5 cents (US) higher than Wall Street expectations. Revenue was also a snack-size higher, at US$238.5 million versus US$238.2 million expected.
BJâs Restaurantsâ (BJRI) better than expected earnings results drizzled the sauce too. Citigroup lifted their target price from US$30 to US$35, Barclays gave them an âunderweightâ rating, and Deutsche Bank Aktiengesellschaft added extra cheese with their âbuyâ rating.đ
But proving not everythingâs always bigger in Texas, Texas Roadhouse (TXRH) fell short of analystsâ expectations, missing on earnings and revenue âŠa Texas takeaway cocktail hangover, perhaps? đč
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Weâre not financial advisors and Hatch news is for your information only. However dazzling our writing, none of it is a recommendation to invest in any of the companies or funds mentioned. If you want support before making any investment decisions, consider seeking financial advice from a licensed provider. Weâve done our best to ensure all information is current when we pushed âpublishâ on this article. And of course, with investing, your money isnât guaranteed to grow and thereâs always a risk you might lose money.
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