The fast-food chain said comparable-store sales grew 0.5 percent during the quarter, below analyst estimates for growth of about 1.6 percent according to a FactSet consensus estimate. The miss sent the stock 3 percent lower in extended trading.
Trader Guy Adami said he's surprised the stock has not sold off more than it already has. He said the real problem is the company's forward guidance for fiscal 2017. Adami said, however, that he would be interested in buying the stock if it pulled back to $93 or $94 a share.
Tim Seymour is long ABX, APC, AVP, BAC, BBRY, CLF, CVX, DO, DVYE, EDC, EWN, EWZ, F, FB, FCX, FXI, GM, GOOGL, GE, INTC, LQD,MCD, MUR, OIH, PG, RACE, RAI, RH, RL, SINA, T, TWTR, VALE, VZ, XOM. short: EEM, SPY, XRT. His firm is long ABX, BABA, BIDU, CBD, CLF, EWZ, F, KO, MCD, MPEL, NKE, PEP, PF, TCEHY, SAVE, SBUX, SINA, VALE, VIAB, WMT, WEN, X, YHOO, short EWG, HYG, IWM
Karen Finerman is long AAL, BAC, BAC short calls, C, DAL, FB, FL, GOGO, GOOG, GOOGL, JPM, LYV, KORS, KORS calls, KORS puts, M, MA, SEDG, SPY puts, UAL, URI, WIFI long call spreads. Her firm is long ANTM, AAPL, BAC, C, C calls, FB, GOOG, GOOGL, JPM, JPM calls, KORS, LYV, M, MOH, PLCE, SPY puts, URI, WIFI. Her firm is short IWM, MDY. Finerman is on the board of GrafTech International.
Dan Nathan is long XHB Jan put spread, long XLU Dec call Spread, long XLK Jan put spread, long XRT Jan put spread, XLE Jan call spread, MCD Dec/Feb put calendar.
Guy Adami is long CELG, EXAS, GDX, INTC. Adami's wife, Linda Snow, works at Merck.