BKW reported revenues of $278.9 million in the third quarter. Revenues grew 1.4% year-over-year (or YoY) from $275.1 million—compared to the same quarter last year.
In the third quarter, BKW opened 152 net new restaurants around the world. In the last 12 months alone, it added 701 net new restaurants. This is a 5% growth in units.
Management stated that Burger King is on track to change the image of 40% of its stores in the US by the end of 2015. it’s on track to achieve this target.
During the quarter, Burger King relaunched Chicken Fries. The item was suspended in 2012. It had been replaced with other chicken items.
During the third quarter, Burger King launched the A.1. Ultimate Bacon Cheeseburger as part of its two for $5 sandwiches. It also launched the Mushroom and Swiss Bacon WHOPPER.
Burger King (BKW) reported global same-store sales growth of 2.4% in the third quarter—compared to 0.9% during the same quarter in 2013.
Burger King’s third quarter earnings were released on November 4, 2014. The company reported an adjusted earnings per share (or EPS) of $0.27.
As the economy and the jobs market continues to improve, employment is edging up. Wage gains are likely to follow from a tightening jobs market.
Credit card usage may spike due to pent-up demand as we approach the holiday season. This factor would boost earnings for retailers such as Walmart (WMT) and Costco (COST).
Operates deep sea and flagged cruise ships in the travel industry
Wynn Resort’s (WYNN) current valuation is higher than its peers. This is likely because the market is pricing in the company’s Cotai expansion plan, which is scheduled to open in the first half of 2016
Three of 10 analysts have rated Wynn Resorts (WYNN) stock as neutral, while seven have given a buy or overweight rating to the stock.
The ongoing anti-corruption campaign in China, the smoking ban legislation, 3Q14 earnings of these companies, and Wall Street analysts’ ratings have recently affected the share prices of these casino companies to a large extent.
Wynn Resort’s (WYNN) average occupancy levels have increased both at Macau and Las Vegas over the last year.
Adjusted property earnings before interest, taxes, depreciation, and amortization (or EBITDA) is one of the most important performance metrics to gauge how casino properties are performing. Even though the revenues and adjusted property EBITDA for Wynn Resorts (WYNN) has been falling, adjusted EBITDA property margins have been increasing over the last three quarters.
Wynn Las Vegas’ net revenues were $427.8 million, up 9.0% year-over-year. This increase was attributable mainly to an increase in net casino revenues by 10.5% year-over-year to $178.6 million.
Mass market table wins increased due to a shift of gaming tables from the VIP to the mass market.
Wynn Resorts’ (WYNN) VIP table gaming’s drop in 3Q14 was 17.4% lower than the same quarter in 2013. The Macau VIP gaming revenues have been negatively impacted by the ongoing anti-corruption campaign in China.
Net revenues for Wynn Resorts (WYNN) fell 3.0% from last quarter. Macau’s operations were negatively affected over the last two quarters by lower VIP gaming activity.
Wynn Resorts (WYNN) is a leading developer, owner, and operator of destination casino resorts.