McDonald's India operator Westlife Foodworld closes ~3% lower on Q2 profit miss

Jubilant FoodWorks

24/10/2024 11:05

** Shares of Westlife Foodworld  WEST.NS  close down 2.8% at
802.40 rupees
    ** McDonald's  MCD.N  India operator's Q2 profit misses
estimates on prolonged weak consumer demand
    ** Rev also misses estimates
    ** Stock was up 2.6% before reporting results
    ** Among quick service restaurant operators, only WEST and
Domino's India franchisee Jubilant Foodworks  JUBI.NS  rated
"hold" on avg - LSEG
    ** WEST swings to YTD loss of 1.5% vs JUBI's 6.5% rise

 (Reporting by Nandan Mandayam in Bengaluru)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))