2 Fast-Food Concerns Report Earnings; Shares Drop
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The hamburger chain Wendyâs International said that fourth-quarter earnings more than quadrupled from a year ago, but it fell short of Wall Street expectations.
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U.S. restaurant companies have struggled this year with soaring food costs and fewer customers, and many on Wall Street see tougher times ahead as prices of commodities remain high and cash-strapped consumers cut back on eating out.
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Stocks dropped on Thursday after a   report showed factory activity contracted in the U.S.   Mid-Atlantic region, prompting worries about the U.S. economy   and corporate profits, while drugstore stocks sank on fears of   competition from Wal-Mart Stores Inc. WMT.N .
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U.S. stocks fell on Thursday, after  earnings reports from eBay Inc. EBAY.O and Qualcomm Inc.  QCOM.O disappointed, while a survey showing a slowdown in  growth at U.S. Mid-Atlantic factories caused some concern.
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U.S. stocks fell on Wednesday after a  profit warning from Coca-Cola Co. KO.N renewed concern about  corporate profits and a Goldman Sachs survey revealed softening  corporate spending on technology.
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An unsettling report on consumer incomes set off a spate of profit-taking on Wall Street Monday as investors worried that a tepid economy would erode companies' third-quarter earnings. Another drop in oil prices failed to shake the gloom from the market.
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No. 2 fast-food company reports strong international results, but U.S. sales are going nowhere fast.
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Shares of Krispy Kreme Doughnuts Inc.  KKD.N fell more than 17 percent before the bell on Thursday  after the doughnut chain posted sharply lower quarterly  earnings and signaled that the second half of the year would be  weak.
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Stocks fell sharply on Wednesday after  oil prices climbed above $48 a barrel and investment bank  Morgan Stanley MWD.N reported a decline in quarterly profit,  stirring concern about corporate earnings.
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This morning, Motley Fool Stock Advisor pick Krispy Kreme Doughnuts (NYSE: KKD) announced that second-quarter 2005 net income dropped by 56% from last year despite higher sales.
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U.S. stocks were little changed on  Friday as disappointing earnings from McDonald's Corp. MCD.N  offset better-than-expected results from Microsoft Corp.  MSFT.O.
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Krispy Kreme Doughnuts Inc., an investor favorite whose fortunes have soured in recent months, reported disappointing second-quarter earnings yesterday and saw its stock price drop by 10 percent.
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Shares of Krispy Kreme Doughnuts Inc., the favorite stock of growth investors after the collapse of the Internet bubble, fell as much as 17 percent after the company reported lower earnings
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Shares of restaurant company Yum Brands Inc.  slipped on Tuesday after a suspected E.coli outbreak linked to several Taco Bell restaurants made it the latest company to report a food scare that has worried some consumers and investors.
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Stocks fell on Tuesday after a report showing a decline in retail sales underscored worries about a recession and Citigroup Inc's  loss hurt financial shares.
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Stocks fell on Tuesday after a weak outlook from Procter & Gamble, disappointing earnings from U.S. Steel and a report showing consumer confidence at a two-year low fueled worries about the economy, consumer spending and corporate profits.
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NEW YORK - Investors welcomed a sharp dip in oil prices and positive earnings news from Intel Corp. and McDonald's Corp...