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Restaurant Brands expands its Burger King franchise empire
MarketBeat· 2024-02-15 12:28
Key PointsRestaurant Brands is the parent company and owner of iconic brands, including Burger King, Tim Horton's, Firehouse Subs and Popeyes Louisiana Kitchen.The company acquired Carrols Restaurant, the largest Burger King franchisee, for $9.55 in cash.With its ongoing "Reclaim the Flame" revitalization plan, Burger King is advancing to redesign, upgrade and improve its restaurants, marketing and menu items.5 stocks we like better than Restaurant Brands InternationalQuick-service restaurant company Restau ...
Restaurant Brands (QSR) Q4 Earnings & Revenues Top Estimates
Zacks Investment Research· 2024-02-14 16:00
Restaurant Brands International, Inc. (QSR) reported fourth-quarter 2023 results, with earnings and revenues beating the Zacks Consensus Estimate. The top and the bottom line increased on a year-over-year basis.Following the results, the company’s shares dropped 4.5% during trading hours on Feb 13. Negative investor sentiments were witnessed as management cited concerns about an uncertain operating environment because of inflationary pressures, foreign exchange volatility, rising interest rates and general ...
Restaurant Brands International(QSR) - 2023 Q4 - Earnings Call Transcript
2024-02-13 18:18
Restaurant Brands International Inc. (NYSE:QSR) Q4 2023 Earnings Conference Call February 13, 2024 8:30 AM ET Company Participants Kendall Peck - Head of Investor Relations Joshua Kobza - Chief Executive Officer Matthew Dunnigan - Chief Financial Officer Patrick Doyle - Executive Chairman Conference Call Participants Brian Bittner - Oppenheimer & Co. Danilo Gargiulo - Bernstein John Ivankoe - JPMorgan Chase & Co. David Palmer - Evercore ISI Dennis Geiger - UBS Andrew Charles - TD Cowen Christopher Carril - ...
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 ...