by Jeff Bailey
Since roughly peaking on November 5 of last year, Starbucks (SBUX) shares are off some 13%, with the S&P 500 moving up about 7%, so roughly a 20% relative plunge in the stock of the coffee retailer.
SBUX data by YCharts
Starbucks (SBUX) is trading at $51.52 versus last night at $46.62 when the company reported strong fourth quarter results, and a dividend increase. The company increased its dividend from $0.17 to $0.21 to be paid in December. Excluding gains that included the sale of corporate real estate, the company posted fiscal fourth-quarter earnings of $0.46 versus consensus of $0.45.
McDonald’s Corporation (MCD), Yum! Brands, Inc. (YUM), Starbucks Corporation (SBUX), Burger King Worldwide Inc. (BKW), and others found themselves scrambling to do some damage control after they were caught using expired meat in China.
Yum! Inc. (YUM) is set to report FQ1 2014 earnings after the market closes on Tuesday, April 22nd. Yum! Brands is the parent company of the Taco Bell, KFC, Pizza Hut, and WingStreet restaurant chains. The biggest news of the quarter from Yum! came when they announced they would be offering breakfast at Taco Bell featuring the AM CrunchWrap and Waffle Taco. Yum!
By Dividend Growth Investor:McDonald's Corporation (MCD), together with its subsidiaries, franchises and operates McDonald's restaurants primarily in the United States, Europe, the Asia Pacific, the Middle East and Africa.
By Dividend Growth Investor:McDonald's Corporation (MCD), together with its subsidiaries, franchises and operates McDonald's restaurants primarily in the United States, Europe, the Asia Pacific, the Middle East, and Africa.
Dividend Growth Investor submits:McDonald’s Corporation (MCD), together with its subsidiaries, operates as a worldwide foodservice retailer. It franchises and operates McDonald’s restaurants that offer various food items, soft drinks, coffee, and other beverages.
McDonald’s Corporation (MCD), the largest global fast food chain, announced results for the first quarter of its fiscal year 2014 (1QFY14; ended March 31, 2014), before the opening bell today. Net income for the quarter was reported at $1.2 billion, a 5% year-over-year (YoY) decline, while operating income came in at $1.94 billion, down from $1.95 billion in 1QFY13.