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7.0487065623394E-05 7.0487065623394E-05 7.0487065623394E-05 7.0487065623394E-05 0.00137449777965738 0.00422922393740745 0.00764784662014526 0.00486360752801859
Stock impact report

Restaurant Brands beats quarterly sales estimates on improving fast-food demand [BNN Bloomberg (Canada)]

Yum! Brands, Inc. (YUM) 
Last yum! brands, inc. earnings: 4/29 07:00 am Check Earnings Report
US:NYSE Investor Relations: yum.com/investors
Company Research Source: BNN Bloomberg
The company ramped up its advertising and promotional efforts, leaning on movies such as ‘How to train your Dragon' and partnerships with actor Ryan Reynolds, to attract customers in core regions such as the U.S. and Canada. Like most major fast-food chains, including Yum Brands and McDonald's, Burger King has also introduced value-meal deals starting at US$5 to boost foot traffic as consumer spending in the U.S. sees a decline amid concerns over tariff-related impact. Restaurant Brands posted quarterly revenue of $2.41 billion, beating analysts' estimates of $2.32 billion, according to data compiled by LSEG. However, its adjusted profit of 94 cents per share missed analysts' estimates of 97 cents, owing to increased advertising expenses coupled with higher costs from supply chain and commodities such as beef and coffee. McDonald's beat quarterly global same-store sales estimates on the back of increased affordable meal bundles and promotions, while Taco Bell parent Yum Brand Show less Read more
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