Restaurant Brands (QSR) came out with quarterly earnings of $0.73 per share, beating the Zacks Consensus Estimate of $0.72 per share. This compares to earnings of $0.75 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.39%. A quarter ago, it was expected that this operator of Burger King and Tim Hortons restaurant chains would post earnings of $0.73 per share when it actually produced earnings of $0.75, delivering a surprise o ...

Restaurant Brands International Inc. Reports First Quarter 2024 Results Consolidated system-wide sales grow 8.1% year-over-year Global comparable sales of 4.6% driven by 7.5% at TH Canada, 4.2% at BK International, 3.9% at BK US and 6.2% at PLK US Solid growth in system-wide sales translates into bottom-line growth for franchisees and the Company $300 million expanded remodel program at BK US puts business on path to reach 85% to 90% modern image by 2028 Toronto, April 30, 2024 - Restaurant Brands Internati ...

The Burger King logo is displayed at a Burger King fast food restaurant on January 17, 2024 in Burbank, California.Burger King will invest another $300 million to remodel about 1,100 of its U.S. restaurants as part of a broader turnaround effort, the chain's parent company said Tuesday.Owner Restaurant Brands International kicked off Burger King's comeback strategy a year and half ago with $250 million to renovate restaurants and upgrade its technology and equipment, plus an additional $150 million to inves ...

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 ...