Wednesday's Artery-Clogging Fast-Food Earnings Reports, and Potential Botox Merger
So why did U.S. sales fall? Just like 200 other companies reporting poor earnings this quarter, McD's blames the bad winter weather -- apparently, Ronald McDonald can't handle food logistics during polar vortexes. Plus, customers weren't interested in losing limbs to frostbite while waiting for their nuggets to fry, sending same-store sales down 1.7% during the first three months of 2014.
Is Ackman's merger bet paying off? Ackman's Pershing Square hedge fund crossed the 5% threshold of all of Allergen stock on April 10. Since then, the stock has grown from $117 to today's $164. Ackman will be pushing Allergan shareholders to get the 51% of votes needed to accept the offer; then he'll be Wall Street's (very wealthy) king of Botox.
- New Home Sales
- First-Quarter Earnings Reports: Apple, Boeing, Dr. Pepper, Six Flags, Zynga
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The article Wednesday's Artery-Clogging Fast-Food Earnings Reports, and Potential Botox Merger originally appeared on Fool.com.Nick Martell has no position in any stocks mentioned. Jack Kramer has no position in any stocks mentioned. The Motley Fool recommends Chipotle Mexican Grill, McDonald's, and Valeant Pharmaceuticals. The Motley Fool owns shares of Chipotle Mexican Grill, McDonald's, and Valeant Pharmaceuticals. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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