The company's strategic progress in digital is impressive with 79% of online orders going through the app, up from 53% the year before and trials for new menus going well, the analysts say. Shares at 1313 GMT are down 4.2% and the stock is among the worst performers of the FTSE 100 index. However, compensation from Pratt & Whitney should help to minimize the hit to net income, the analysts say. "We see the lack of capacity growth into fiscal 2025 will likely be a downside risk to consensus estimates," the analysts say. However, clear underperformance at the Mana mine in Burkina Faso, in both production and costs, will likely be a point of focus for investors, the analysts say.
Source: Wall Street Journal November 10, 2023 06:06 UTC