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In 1Q16, $WEN had adjusted EBITDA of $98.1MM, up 21.4% versus 1Q15. Adjusted EBITDA margin was 25.9% versus 17.9% last year. The 800BP improvement reflects the positive impact of the company's system optimization initiative and the lease buyout gain. Adjusted EPS was $0.11 in 1Q16 compared to $0.06 in 1Q15.
$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.
$RAI has received a $47 billion take over offer from British tobacco giant British American Tobacco! This is huge!
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.