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Fast Food Stocks Deliver Mixed Bag

NEW YORK ( TheStreet) -- A roster of restaurant stocks, including Tim Hortons (THI), Brinker International (EAT - Get Report) and Wendy's Arby's Group (WEN - Get Report) posted quarterly results Thursday, dishing up a mixed plate of results.

Coffee-and-donut chain Tim Hortons posted better-than-expected earnings, thanks to strong same-store sales growth in its Canadian stores. Chili's operator Brinker International (EAT - Get Report) missed top- and bottom-line expectations but forecast 2011 earnings in line with analysts' consensus call. Wendy's Arby's missed expectations and lowered its 2010 outlook.
Tim Hortons

Tim Hortons attributed its 21% jump in second-quarter earnings to stronger same-store sales, or sales at stores open at least one year, in its Canadian locations. System-wide comps grew 9.2%. The figure included a 6.4% jump in Canada, compared with an increase of 1.7% in the year-earlier quarter. Same-store sales at its U.S. locations grew 3.1%, down from a 3.3% rise in the second quarter of 2009.

Fast food behemoth McDonald's (MCD - Get Report), which competes with Tim Hortons for market share in the coffee-drinks space and with Wendy's Arby's in the fast food sector, said earlier this week its comps surged 7% in July, fueled in large part by its beverage business. It was the burger-and-fries chain's biggest monthly increase by that measure since April of 2009.

The Golden Arches said it grew overall global comps by 4.8% in its recent quarter, helped by its dollar menu and an expanded list of coffee drinks, but the figure came up short of expectations and McDonald's stock fell more than 2%, closing below $70 per share the day it released the quarterly results. McDonald's posted double-digit profit gains for the period.

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SYM TRADE IT LAST %CHG
EAT $57.54 -0.67%
MCD $96.17 0.43%
RRGB $85.19 -1.27%
THI $35.93 -2.70%
WEN $10.79 -0.83%

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DOW 17,730.11 -27.80 -0.16%
S&P 500 2,076.78 -0.64 -0.03%
NASDAQ 5,009.2140 -3.9090 -0.08%

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