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Restaurant Brands (QSR) Lags Q3 Earnings and Revenue Estimates
ZACKS· 2024-11-05 13:51
Restaurant Brands (QSR) came out with quarterly earnings of $0.93 per share, missing the Zacks Consensus Estimate of $0.94 per share. This compares to earnings of $0.90 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -1.06%. A quarter ago, it was expected that this operator of Burger King and Tim Hortons restaurant chains would post earnings of $0.85 per share when it actually produced earnings of $0.86, delivering a surprise ...
Burger King parent Restaurant Brands falls short of third-quarter revenue expectations
CNBC· 2024-11-05 11:46
A new Burger King restaurant under construction in Tortosa, Spain, following the current expansion of Restaurant Brands International Inc. - the parent company of BK- in new and existing markets.Restaurant Brands International on Tuesday reported quarterly revenue that missed analysts' expectations as domestic same-store sales growth for all four of its chains fell short of estimates.Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG:Earnings ...
Restaurant Brands International Inc. Reports Third Quarter 2024 Results
Prnewswire· 2024-11-05 11:30
Consolidated system-wide sales grow +3.2% year-over-yearGlobal comparable sales of +0.3%, including +2.7% at TH Canada and +1.8% at INTLFive franchisor segments deliver year-over-year growth in Adjusted Operating IncomeRBI on track to deliver 8%+ organic Adjusted Operating Income growth for 2024    TORONTO, Nov. 5, 2024 /PRNewswire/ - Restaurant Brands International Inc. ("RBI") (TSX: QSR) (NYSE: QSR) (TSX: QSP) today reported financial results for the third quarter ended September 30, 2024. Josh Kobza, Chi ...
Happy Belly Signs Definitive Agreement to Acquire 50% of SALUS Fresh Foods QSR Restaurant Chain
Newsfile· 2024-11-01 10:55
Toronto, Ontario--(Newsfile Corp. - November 1, 2024) - Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: HBFGF) ("Happy Belly" or the "Company"), a leading consolidator of emerging food brands is pleased to announce that further to its news release on July 29th, 2024 announcing the signing of a binding agreement to acquire 50% of the SALUS ("Salus") Fresh Foods Restaurant Chain, it has now signed the definitive agreement for the acquisition. Preparations for close are underway with an anticipated close date ...
Exploring Analyst Estimates for Restaurant Brands (QSR) Q3 Earnings, Beyond Revenue and EPS
ZACKS· 2024-10-31 14:20
Wall Street analysts expect Restaurant Brands (QSR) to post quarterly earnings of $0.94 per share in its upcoming report, which indicates a year-over-year increase of 4.4%. Revenues are expected to be $2.3 billion, up 25.3% from the year-ago quarter.Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.Ahead of a company's earnings disclosur ...
Restaurant Brands (QSR) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
ZACKS· 2024-10-29 15:06
Company Overview - Restaurant Brands (QSR) is expected to report quarterly earnings of $0.94 per share, reflecting a year-over-year increase of +4.4% [3] - The anticipated revenue for the quarter is $2.3 billion, which represents a significant increase of 25.3% from the same quarter last year [3] Earnings Estimates and Trends - The consensus EPS estimate has been revised 0.03% higher in the last 30 days, indicating a slight positive adjustment by analysts [4] - The Most Accurate Estimate for Restaurant Brands is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -1.14%, suggesting a bearish outlook from analysts [10] Earnings Surprise History - In the last reported quarter, Restaurant Brands had an expected EPS of $0.85 but delivered $0.86, achieving a surprise of +1.18% [11] - Over the past four quarters, the company has successfully beaten consensus EPS estimates four times [12] Industry Context - In the broader Zacks Retail - Restaurants industry, El Pollo Loco Holdings (LOCO) is expected to report earnings of $0.17 per share, indicating a year-over-year decline of -10.5% [16] - El Pollo Loco's revenue is projected to be $123.11 million, reflecting a modest increase of 2.3% from the previous year [16]
Restaurant Brands: Poised For Strong Growth Acceleration, With Attractive Valuation
Seeking Alpha· 2024-10-21 11:30
Restaurant Brands (NYSE: QSR ) includes many well-known restaurant chains such as Tim Hortons, Burger King, Popeyes and Firehouse Subs. Restaurant Brands was founded in 2014 when Canadian Tim Hortons was acquired by Burger King. More recently, in 2017, it acquired Popeyes, which is mainlyI'm a passionate investor from the Netherlands with 12 years of stock market experience. My articles usually contain a good overview of important investment criteria. A stock for my portfolio is of interest to me if the com ...
Happy Belly's iQ Food Co. QSR Signs 25-Unit Area Development Agreement in Ontario
Newsfile· 2024-10-18 11:31
Toronto, Ontario--(Newsfile Corp. - October 18, 2024) - Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: HBFGF) ("Happy Belly" or the "Company"), a leading consolidator of emerging food brands is pleased to announce that, as of October 17th, 2024, it has signed an area development agreement for the province of Ontario to open 25 new franchised restaurants of the beloved Toronto-based QSR brand iQ Food Co. ("iQ"). These restaurants will offer a range of delicious and wholesome options, including healthy bowls ...
Happy Belly's iQ Food Co. QSR Signs 20-Unit Area Development Agreement in Alberta
Newsfile· 2024-10-17 10:55
Toronto, Ontario--(Newsfile Corp. - October 17, 2024) - Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: HBFGF) ("Happy Belly" or the "Company"), a leading consolidator of emerging food brands is pleased to announce that it has signed as of October 16th, 2024, an area development agreement for the province of Alberta for the opening of 20 new franchised restaurants of beloved Toronto-based QSR brand iQ Food Co. ("iQ"), serving a variety of delicious and wholesome food options such as healthy bowls, smoothies ...
Happy Belly's HEAL Wellness QSR Secures 5th Calgary-Based Real-Estate Location at Aspen Landing Shopping Center
Newsfile· 2024-10-16 11:40
Core Insights - Happy Belly Food Group Inc. has secured its 8th location for the Heal Wellness brand in Calgary's Aspen Landing Shopping Center, part of a commitment to open 10 locations in Alberta [1][2] - The Aspen Landing location is expected to open in Q1 2025, contributing to the rapid establishment of Heal Wellness in Western Canada, with 1 location already open and 4 under construction [2][3] - The company has a pipeline of 100 committed Heal units across Canada and the U.S., indicating consistent growth and a strong franchising program [4][5] Company Overview - Happy Belly Food Group Inc. is a leading consolidator of emerging food brands, focusing on health-conscious offerings [6] - Heal Wellness aims to provide quick, fresh, and nutritious foods, including smoothie bowls and acai bowls, catering to an active lifestyle [5][6] Market Positioning - The Aspen Landing Shopping Center is characterized by a vibrant, upscale community that prioritizes wellness and healthy eating, making it an ideal location for Heal Wellness [3] - The community's emphasis on healthy lifestyles aligns with Heal Wellness's mission, ensuring a strong customer base from the outset [3][4]