Notable news items and price action from Friday as well as our fundamental view on select names.
- COSI reported a loss of $0.04 per share for the first quarter. Company same-store sales gained 3% on a year-over-year basis.
- MCD plans to scale back employment of cashiers and use of banknotes at its 7,000 European outlets, replacing them with touch screen terminals and swipe cards, according to the Financial Times, citing an interview with Steve Easterbrook, president of McDonald’s Europe.
- DPZ gained 2.1% on accelerating volume. BAGL declined 5.5% on accelerating volume.
- MSSR declined 1% on accelerating volume.