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Restaurant Brands International(QSR) - 2024 Q1 - Quarterly Report
2024-04-30 19:55
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-36786 RESTAURANT BRANDS INTERNATIONAL INC. (Exact Name of Registrant as Specified in its Charter) Canada 98-120275 ...
Restaurant Brands International(QSR) - 2024 Q1 - Earnings Call Transcript
2024-04-30 17:15
Restaurant Brands International Inc. (NYSE:QSR) Q1 2024 Earnings Conference Call April 30, 2024 10:00 AM ET Company Participants Kendall Peck - Head of Investor Relations Joshua Kobza - Chief Executive Officer Sami Siddiqui - Chief Financial Officer Patrick Doyle - Executive Chairman Conference Call Participants Dennis Geiger - UBS Brian Bittner - Oppenheimer & Co David Palmer - Evercore ISI Danilo Gargiulo - AB Bernstein John Ivankoe - JPMorgan Lauren Silberman - Deutsche Bank Andrew Charles - TD Cowen Joh ...
Compared to Estimates, Restaurant Brands (QSR) Q1 Earnings: A Look at Key Metrics
Zacks Investment Research· 2024-04-30 16:31
Restaurant Brands (QSR) reported $1.74 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 9.4%. EPS of $0.73 for the same period compares to $0.75 a year ago.The reported revenue represents a surprise of +1.40% over the Zacks Consensus Estimate of $1.71 billion. With the consensus EPS estimate being $0.72, the EPS surprise was +1.39%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Str ...
Restaurant Brands (QSR) Surpasses Q1 Earnings and Revenue Estimates
Zacks Investment Research· 2024-04-30 12:41
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(QSR) - 2024 Q1 - Quarterly Results
2024-04-30 10:32
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 ...
Burger King invests another $300 million to remodel restaurants
CNBC· 2024-04-30 10:30
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 ...
Unveiling Restaurant Brands (QSR) Q1 Outlook: Wall Street Estimates for Key Metrics
Zacks Investment Research· 2024-04-29 14:21
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 ...
Tims China Announces Fourth Quarter and Full Year 2023 Financial Results
Newsfilter· 2024-04-18 09:44
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 ...
Tims China Announces Earnings Release Date For Q4 and Full Year 2023 Results & Conference Call
Newsfilter· 2024-04-16 11:35
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 ...
California Burger King franchisee to expedite self-serve kiosks rollout over $20 wage law
New York Post· 2024-04-12 14:48
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 ...