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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(QSR) - 2024 Q3 - Quarterly Results
2024-11-05 11:33
EXHIBIT 99 Restaurant Brands International Inc. Reports Third Quarter 2024 Results Consolidated system-wide sales grow +3.2% year-over-year Global comparable sales of +0.3%, including +2.7% at TH Canada and +1.8% at INTL Five franchisor segments deliver year-over-year growth in Adjusted Operating Income RBI on track to deliver 8%+ organic Adjusted Operating Income growth for 2024 Toronto, November 5, 2024 - Restaurant Brands International Inc. ("RBI") (TSX: QSR) (NYSE: QSR) (TSX: QSP) today reported financi ...
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
Wall Street expects a year-over-year increase in earnings on higher revenues when Restaurant Brands (QSR) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on Nov ...
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
Toronto, Ontario--(Newsfile Corp. - October 16, 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 its multi-unit franchisee has signed a location in Calgary's Aspen Landing Shopping Center. Making this their 8th location of out a committed 10 locations in Alberta for our Heal Wellness brand, a fresh smoothie bowls, acai bowls, and smoothies quick serve restaurant ("QSR"). Heal Wellness 1 ...