Wall Street analysts expect Restaurant Brands (QSR) to post quarterly earnings of $0.72 per share in its upcoming report, which indicates a year-over-year decline of 4%. Revenues are expected to be $1.71 billion, up 7.9% from the year-ago quarter.The current level reflects a downward revision of 0.5% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.Before a compa ...

Total Revenues Increased 29.8% Year-over-Year for the Fourth Quarter,55.9% Year-over-Year Growth for the Full Year 2023 149 Net New Store Openings During the Fourth Quarter,912 System-Wide Stores at Year-End 2023 18.7 Million Registered Loyalty Members at Year-End,Representing 66.3% Year-over-Year Growth SHANGHAI, China and NEW YORK, April 18, 2024 (GLOBE NEWSWIRE) -- TH International Limited (NASDAQ:THCH), the exclusive operator of Tim Hortons coffee shops and Popeyes restaurants in China ("Tims China" or ...

SHANGHAI, China and NEW YORK, April 16, 2024 (GLOBE NEWSWIRE) -- TH International Limited ("Tims China" (Nasdaq: THCH)), the exclusive operator of Tim Hortons coffee shops and Popeyes restaurants in China, will release its fourth quarter and full year results before market opening on Thursday, April 18, 2024. The company will hold a conference call on Thursday, April 18, 2024, at 8:00 am Eastern Time (or Thursday, April 18, 2024, at 8:00 pm Beijing Time) to discuss its financial results. The call will begin ...

A businessman who owns 140 Burger King franchises in California will slash workers’ hours and expedite the rollout of self-service kiosks to cut down on labor costs in response to the state’s new $20 minimum wage.Harshraj Ghai, who owns 180 fast-food restaurants throughout the Golden State, including Burger King, Taco Bell and Popeyes, told Business Insider last week: “We can’t move fast enough on this [rollout].”“We have kiosks in probably about 25% of our restaurants today,” he said. “However, the other 7 ...

SHANGHAI, China and NEW YORK, April 09, 2024 (GLOBE NEWSWIRE) -- TH International Limited ("Tims China" (Nasdaq: THCH)), the exclusive operator of Tim Hortons coffee shops and Popeyes restaurants in China, surpassed 20 million registered loyalty club members on March 31, 2024.    [20 Million Member Milestone] Loyalty club members are a crucial driver of Tims China's growth, and this milestone underscores the customers' embrace of our program. Yongchen Lu, CEO of Tims China, said, "The months around our fif ...

Prices for burgers, fries and other fast food items have increased at various restaurant chains across California, according to a recent report.  A New York Post investigation revealed that some fast food chains in the Los Angeles area raised prices on April 1, after new California statewide legislation went into effect Monday enforcing a $20 minimum wage for restaurants that have at least 60 locations nationwide, except those that make and sell their own bread.Gov. Gavin Newsom signed the legislation, AB 1 ...

Restaurant Brands International Inc. (QSR) is likely to benefit from strong comps growth, Tim Hortons performance and digitalization efforts. Also, the focus on unit expansion bodes well. However, high costs and general softening in the consumer environment are a concern.Let us discuss the factors highlighting why investors should retain the stock.Factors Driving GrowthRestaurant Brands continues to impress investors with solid comps growth. In fourth-quarter 2023, the company’s consolidated comparable sale ...

A month has gone by since the last earnings report for Restaurant Brands (QSR) . Shares have added about 8.1% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Restaurant Brands due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Restaurant Brands Q4 Earnings & Revenues T ...

Sami Siddiqui Appointed Chief Financial Officer  Thiago Santelmo Appointed President of International Jeff Klein Appointed President of Popeyes US and Canada  TORONTO, March 14, 2024 /PRNewswire/ - Josh Kobza, Chief Executive Officer of Restaurant Brands International Inc. ("RBI", "Company") (TSX: QSR) (NYSE: QSR) (TSX: QSP) today announced leadership team changes to support the Company's long-term growth outlook of reaching a minimum of 40,000 restaurants, $60B in system-wide sales and $3.2B in Adjusted Op ...

BALA CYNWYD, Pa., March 11, 2024 (GLOBE NEWSWIRE) --  Brodsky & Smith reminds investors of the following investigations. If you own shares and wish to discuss the investigation, contact Jason Brodsky (jbrodsky@brodskysmith.com) or Marc Ackerman (mackerman@brodskysmith.com) at 855-576-4847. There is no cost or financial obligation to you. Carrols Restaurant Group, Inc. (Nasdaq - TAST) Under the terms of the agreement, Carrols will be acquired by Restaurant Brands International Inc. ("RBI") (NYSE:QSR) Carrols ...