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Compared to Estimates, Restaurant Brands (QSR) Q4 Earnings: A Look at Key Metrics
Zacks Investment Research· 2024-02-13 15:36
Restaurant Brands (QSR) reported $1.82 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 7.8%. EPS of $0.75 for the same period compares to $0.72 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.8 billion, representing a surprise of +1.01%. The company delivered an EPS surprise of +2.74%, with the consensus EPS estimate being $0.73.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wal ...
Restaurant Brands (QSR) Surpasses Q4 Earnings and Revenue Estimates
Zacks Investment Research· 2024-02-13 13:41
Restaurant Brands (QSR) came out with quarterly earnings of $0.75 per share, beating the Zacks Consensus Estimate of $0.73 per share. This compares to earnings of $0.72 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.74%. A quarter ago, it was expected that this operator of Burger King and Tim Hortons restaurant chains would post earnings of $0.84 per share when it actually produced earnings of $0.90, delivering a surprise o ...
Burger King owner beats guidance as Tim Hortons sales rally
Proactive Investors· 2024-02-13 12:48
About this content About Leo Grieco Leo joins us with a degree in Media Production from Bournemouth University. His work includes reporting for the UK editorial team and video editing for the broadcast team. He comes with an expertise in video editing and producing. Leo’s specialities include hospitality and leisure, support services, tech and video games. Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and fi ...
Restaurant Brands earnings beat estimates, fueled by strong Tim Hortons sales
CNBC· 2024-02-13 11:50
A general view of a Tim Hortons Drive-Thru coffeehouse and restaurant at Lakeside Retail Park on February 5, 2024 in Grays, United Kingdom.Restaurant Brands International reported quarterly earnings and revenue that beat analysts' expectations on Tuesday, fueled by stronger-than-expected Tim Hortons sales.Shares of the company were unchanged in premarket trading.Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG, formerly known as Refinitiv:E ...
Burger King parent Restaurant Brands beats profit estimates for Q4 as revenue matches consensus
Market Watch· 2024-02-13 11:43
Restaurant Brands International Inc. QSR, +1.62%, the operator of Burger King, Tim Hortons and Popeyes Louisiana, posted net income of $726 million, or $1.60 a share, in the quarter, up from $335 million, or 74 cents a share, in the year-earlier period. Adjusted per-share earnings came to 75 cents, ahead of the 73 cent FactSet consensus. Revenue rose to $1.820 billion from $1.689 billion, matching the FactSet consensus. Same-restaurant sales rose 5.8%, while FactSet was expecting a rise of 6.4%. The compan ...
Will Q4 Results Help Extend The 20% Gain In Restaurant Brands' Stock Since Early 2023?
Forbes· 2024-02-12 14:00
Colliers Wood, London, ENGLAND - January 2024: Burger King store sign External Store Sign (Photo by ... [+] Peter Dazeley/Getty Images)Getty ImagesRestaurant Brands International is one of the largest fast-food restaurant chains in the world that operates Burger King, Tim Hortons, Popeyes, and, since late 2021, Firehouse Subs. The company is scheduled to report its fiscal fourth-quarter results on Tuesday, February 13. We expect Restaurant Brands International stock (NYSE: QSR) to see little to no movement ...
Restaurant Brands (QSR) Q4 Earnings Preview: What You Should Know Beyond the Headline Estimates
Zacks Investment Research· 2024-02-08 15:21
In its upcoming report, Restaurant Brands (QSR) is predicted by Wall Street analysts to post quarterly earnings of $0.73 per share, reflecting an increase of 1.4% compared to the same period last year. Revenues are forecasted to be $1.8 billion, representing a year-over-year increase of 6.7%.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.6% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections duri ...
Restaurant Brands (QSR) to Post Q4 Earnings: What's in Store?
Zacks Investment Research· 2024-02-08 15:16
Restaurant Brands International Inc. (QSR) is scheduled to report fourth-quarter 2023 results on Feb 13, 2024, before the opening bell. In the last reported quarter, the company’s earnings surpassed the Zacks Consensus Estimate by 7.1%.Trend in Estimate RevisionThe Zacks Consensus Estimate for fourth-quarter earnings per share is pegged at 73 cents, indicating growth of 1.4% from 72 cents in the year-ago quarter.The consensus mark for revenues is pegged at $1.80 billion, suggesting an increase of 6.7% from ...
Will Restaurant Brands (QSR) Beat Estimates Again in Its Next Earnings Report?
Zacks Investment Research· 2024-02-06 18:11
Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Restaurant Brands (QSR) , which belongs to the Zacks Retail - Restaurants industry.This operator of Burger King and Tim Hortons restaurant chains has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 9.49%.For the last reported quarter, Restaurant Brands ca ...
Why the bacon boom will never end: Americans spend almost $6 billion on it a year
Market Watch· 2024-01-30 15:50
Remember the bacon boom from years ago, when the porky favorite started finding its way into everything from burgers to ice cream?It turns out the boom has never gone bust.Consider how fast-food chains continue to roll out one menu item after another that incorporates bacon. This week, Burger King QSR, -0.10% introduced its Candied Bacon Whopper, which not only features the namesake item as a burger topping, but also includes bacon jam.Meanwhile, Wendy’s WEN, -0.93%, the chain that gained a measure of fame ...