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Stock Market & Financial Investment News

News Breaks
March 25, 2014
11:45 EDTMCD, SONC, BKW, WEN, JACKSonic soars to 52-week high after quarterly profit tops estimates
Shares of Sonic (SONC), which operates and franchises a chain of drive-in restaurants, are soaring after the company's second quarter profit topped expectations. It also predicted fiscal 2014 earnings growth of 14%-15%. WHAT'S NEW: Last night, Sonic reported second quarter earnings per share of 7c and revenue of $109.7M, compared to expectations of 6c and $110.94M, respectively. The company reported system-wide same-store sales increased 1.4%, consisting of an increase of 1.5% at franchise drive-ins and an increase of 1.3% at company drive-ins. WHAT'S NOTABLE: Sonic forecast FY14 EPS growth of 14%-15%, compared to consensus of 82c. It also predicted FY14 positive same-store sales in the low single digit range. Company drive-ins are expected to perform above the system average in the latter half of the fiscal year as new digital point-of-purchase technology and a new point-of-sale system are implemented. Sonic estimates it will repurchase $80M of stock across the fiscal year utilizing existing cash on hand and free cash flow. ANALYST REACTION: This morning, research firm Stephens repeated its Overweight rating and $25 price target on Sonic shares. Stephens sees the company expanding margins in the coming years and expects Sonic's improving menu and product pipeline to increase potential upside for the stock for the remainder of the year. PRICE ACTION: In late morning trading, Sonic soared $2.13, or 10.2%, to $23.05 on more than three times its average daily trading volume. Earlier in the session, the stock hit a fresh 52-week high of $23.51. The stock is up over 96% over the past twelve months. OTHERS TO WATCH: Other companies in the quick service dining space include Jack in the Box (JACK), Burger King (BKW), McDonald's (MCD) and Wendy's (WEN).
News For SONC;JACK;BKW;MCD;WEN From The Last 14 Days
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March 27, 2015
14:56 EDTSONCOn The Fly: Weekly technical notes for S&P 500, SanDisk
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March 26, 2015
17:16 EDTMCDMcDonald's new strategy to create upside, says UBS
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March 24, 2015
19:40 EDTSONCOn The Fly: After Hours Movers
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17:41 EDTSONCSonic reports adj. Q2 EPS 13c, consensus 12c
Reports Q2 revenue $126.2M, consensus $123.36M. Reports Q2 system same-store sales increased 11.5%, consisting of an 11.5% same-store sales increase at franchise drive-ins and an increase of 11.2% at company drive-ins.
16:07 EDTSONCSonic sees 25%-27% EPS growth in FY15
Consensus for FY15 EPS is $1.07. The company expects its initiatives to drive 25% to 27% earnings per share growth, on an adjusted basis, in fiscal 2015 as compared to the adjusted non-GAAP earnings per share for fiscal 2014. The macroeconomic environment may impact results.
16:05 EDTSONCSonic sees positive SSS in the low to mid-single digit range for Q3,Q4
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16:03 EDTSONCSonic reports Q2 EPS 14c, consensus 12c
Reports Q2 revenue $126.2M, consensus $123.36M. Reports Q2 system same-store sales increased 11.5%, consisting of an 11.5% same-store sales increase at franchise drive-ins and an increase of 11.2% at company drive-ins.
15:27 EDTSONCNotable companies reporting after market close
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14:03 EDTSONCSonic technical notes before earnings news
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14:00 EDTMCDMorgan Stanley says survey results positive for Chipotle, mixed for McDonald's
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March 23, 2015
12:52 EDTMCDMcDonald's calls active on investor letter
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10:12 EDTMCDGlenview said McDonald's could unlock $20B in value with REIT, Bloomberg reports
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10:08 EDTSONCHigh option volume stocks
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07:52 EDTSONCSonic 2015 EPS poised to beat expectations, says Oppenheimer
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March 20, 2015
16:00 EDTMCDOptions Update; March 20, 2015
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March 18, 2015
09:28 EDTSONCSonic March volatility elevated into Q2 and outlook
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March 17, 2015
06:46 EDTMCDMcDonald's burn complaints to focus on corporate reponsibility, WSJ says
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06:06 EDTMCDMcDonald's employees file complaints of burns, injuries, LA Times says
McDonald's employees have filed complaints against 28 McDonald's locations -- including nine owned by the corporation itself -- alleging they received burns on the job, reports the LA Times, citing statements by union-backed group Fast Food Forward. The complaints were lodged with the Occupational Safety and Health Administration and claim that greasy floors, lack of staff, and an extremely fast-paced environment elevate the risk of injury in McDonald's restaurants. Reference Link

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