This info on Uber eat tie up is addition to the main news in USA , the inflation rate has moderated dramatically over the year. As margin was one of the main issues that was discussed by management, this will boost profits. For example I read cheese prices have dropped 20% and wheat too, main ingredients. The most of restructuring cost was supposed to be non-cash, therefore not sure about dividends or raising of capital in the near future. As they are still wanting to expend to 7000 stores, they will need fair bit of cash in the future even with franchisees.
With all above taken into consideration, profit growth is coming back to the company and we should see a PE expansion again to close to 28 to 30 IMO on future eps.
This info on Uber eat tie up is addition to the main news in USA...
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