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Restaurant Brands Raises Dividend; McDonald’s Sales Beat Estimates; Cisco Shares Fall
Description
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Restaurant Brands International (QSR) increased its regular quarterly cash dividend to 65 cents per share from the previous dividend of 62 cents per share. The dividend declaration date is Feb. 12.
- McDonald’s (MCD) US sales grew at the fastest pace in more than two years in the fourth quarter as value meals continued to resonate with cost-conscious diners.Sales from established US restaurants jumped 6.8% in the period from a year ago when foot traffic was dented by an E. coli outbreak, ahead of analyst estimates and the highest since 2023. Earnings, excluding one-time items, also outpaced the average of estimates compiled by Bloomberg, as did comparable sales at the company’s two international divisions.
- Cisco Systems (CSCO) shares are down after the maker of networking equipment’s second-quarter results disappointed on gross margin, even as other metrics beat expectations. It also gave an outlook for gross margin that was below the consensus.
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