McDonald's, Ruby Tuesday: Restaurant Results

NEW YORK ( TheStreet) -- McDonald's ( MCD), Ruby Tuesday ( RT) and BJ's Restaurants ( BJRI) are among the latest chains to report quarterly earnings.

McDonalds

Early Friday , McDonald's beat second-quarter profit and revenue expectations as earnings rose nearly 15%.

McDonald's earned $1.41 billion, or $1.35 a share, up 14.6% from year-earlier profit of $1.23 billion, or $1.13 a share, while revenue jumped 16.1% to $6.91 billion from $5.95 billion.


BJ's said late Thursday it grew quarterly earnings by 30%, leading analysts to raise their price targets on the casual dining company, citing its flexibility in pricing and push to offer "small bites" menu choices.

BJ's booked a profit of $8.2 million, or 28 cents a share, on revenue growth of 17% to $152.9 million.

Ruby Tuesday also reported late Thursday, though its profit fell 33.8%. It missed expectations, which the company attributed to greater advertising spending and impairment costs, which offset an increase in revenue.


Ruby Tuesday earned $13.9 million, or 21 cents a share, down from $21 million, or 33 cents a share, in the year-earlier period. Revenue rose 12.6% to $353 million.

Earlier this week, Chipotle Mexican Grill ( CMG) missed profit expectations on weaker margins, hit by high food prices and legal costs associated with a federal inquiry about hiring illegal immigrants.


Chipotle has raised menu prices to help cover higher costs for ingredients like beef and avocados. Its quarterly earnings did rise 9% to $50.7 million, or $1.64 a share on an adjusted basis, but analysts had been looking for a profit of $1.68 a share. Revenue jumped 22% to $571.6 million.

On Wednesday, Cheesecake Factory ( CAKE) matched quarterly profit estimates but offered weaker-than-expected guidance, disappointing investors, as higher food costs pressured its results as well. The casual dining chain also has plans to raise menu prices.

Cheesecake Factory's net income surged 28.6% to $24.7 million, or 42 cents a share. Revenue grew 2.8% to $430.7 million, falling short of expectations for a top-line figure of $434.6 million.

And last week, Yum! Brands ( YUM), the operator of KFC, Taco Bell and Pizza Hut, beat Wall Street expectations for its second-quarter results on strong sales growth in China.


Yum booked a 10.5% jump in second-quarter earnings to $316 million, or 65 cents a share. Total revenue rose 9.7% to $2.82 billion from $2.57 billion a year ago.

Shares of McDonald's rose 3.1% to $89.25 in morning trading Friday. BJ's Restaurants fell 1.4% to $51.27. Ruby Tuesday shed 10.7% to $9.87. Chipotle added 0.7% to $330.41, Cheesecake Factory edged 0.2% lower to $31.01, and Yum gained 0.3% to $54.64.

-- Written by Miriam Marcus Reimer in New York.

>To contact the writer of this article, click here: Miriam Reimer.

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