Starbucks announced a surprise drop in same-store sales for its latest quarter, sending its shares down 17% on Wednesday.
Pizza Hut and KFC also reported shrinking same-store sales.
Starbucks said bad weather dragged its same-store sales lower.
Wingstop , Wall Street's favorite restaurant chain, reported its U.S. same-store sales soared 21.6% in the first quarter.
This marks the second consecutive quarter that Burger King reported stronger U.S. same-store sales growth than McDonald's.
Persons:
It's, McDonald's, it's, Taco Bell, January's snowstorms, we've, Ian Borden, Wall, International's Popeyes, Chris Kempczinski, Laxman Narasimhan, Narasimhan, David Gibbs, Taco, Yum, Burger, –
Organizations:
Starbucks Workers, D.C, Starbucks, KFC, Yum Brands, Taco, Bureau of Labor Statistics, Taco Bell, Brands
Locations:
Dupont Circle, Washington, Pizza, U.S, Australia, Canada, Germany, Japan, Taco