Want to join the conversation?
As a percentage of sales, $RT's 4Q16 cost of goods sold was 27.6%, up 20 BPs versus 4Q15. This was mainly due to menu mix. Company expects annualized savings of about $4MM, and achieved about $1MM in 4Q16 with roughly $3MM of incremental savings to be realized in FY17.
$NFLX a monster move, going up. Expect making some money on Monday.
$AMD down more than 6% even after posting above consensus third quarter results.
$MCD stock rose more than 2% after it posted better than expected 3Q16 results, driven by global same-store sales growth. Meanwhile, earnings and revenue were lower than last year, hurt by refranchising efforts.