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Restaurant Brands International Is Undervalued Following Recent Pullback
Gurufocus· 2024-08-26 13:01
Shares of Restaurant Brands International Inc. (QSR, Financial) have been in a slump lately. The stock has delivered a total return of roughly -8% thus far in 2024. Comparably, the S&P 500 has delivered a total return of around 17% over the same period. The company's shares have trailed the broader market due to a variety of fiactors, including multiple contraction, modestly disappointing second-quarter results and concerns that GI.P-1 drugs may result in lower-than-expected long-term earnings growth potent ...
Happy Belly's Joey Turks Island Grill QSR Announces the Opening of its Newest Location in Scarborough, Ontario
Newsfile· 2024-08-15 10:55
Toronto, Ontario--(Newsfile Corp. - August 15, 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 the opening of its newest Joey Turks Island Grill ("Joey Turks") location at 1900 Eglington Avenue East, a fast casual restaurant serving delicious original Caribbean Island recipes, in the City of Scarborough, Ontario. "Today is a proud moment for Happy Belly Food Group. Within four short months ...
Restaurant Brands International Inc. Announces Pricing of Secondary Offering of Common Shares
Prnewswire· 2024-08-13 01:14
TORONTO, Aug. 12, 2024 /PRNewswire/ - Restaurant Brands International Inc. ("RBI" or the "Company") (TSX: QSR) (NYSE: QSR) announced today that an underwritten registered public offering (the "offering") of up to 6,528,013 common shares commenced by HL1 17 LP ("the Selling Shareholder"), an affiliate of 3G Capital Partners Ltd. ("3G Capital"), had priced. These common shares relate to the exchange notice received by Restaurant Brands International Limited Partnership ("RBI LP") from the Selling Shareholder, ...
Restaurant Brands International Inc. Announces Receipt of Exchange Notice, Intent to Use Common Shares to Satisfy Exchange and Commencement of Secondary Offering of Common Shares
Prnewswire· 2024-08-12 20:07
TORONTO, Aug. 12, 2024 /PRNewswire/ - Restaurant Brands International Inc. ("RBI" or the "Company") (TSX: QSR) (NYSE: QSR) announced today that Restaurant Brands International Limited Partnership ("RBI LP") had received an exchange notice from HL1 17 LP (the "Selling Shareholder"), an affiliate of 3G Capital Partners Ltd. ("3G Capital"), to exchange 6,528,013 Class B exchangeable limited partnership units of RBI LP (the "Exchangeable Units"). RBI LP intends to satisfy this notice with the delivery of an equ ...
Restaurant Brands (QSR) Q2 Earnings & Revenues Beat, Up Y/Y
ZACKS· 2024-08-09 18:00
Restaurant Brands International, Inc. (QSR) or RBI, reported decent second-quarter 2024 results. Both earnings and revenues beat the Zacks Consensus Estimate and increased on a year-over-year basis. Following the results, shares of this one of the world's largest quick service restaurant companies gained 2% on Aug 8. Post the Carrols and PLK China acquisitions, RBI created a new operating and reportable segment, Restaurant Holdings (RH). Investors should note that the second-quarter results include Carrols' ...
Happy Belly's Heal Wellness QSR Announces the Opening of Its Newest Location in West Abbotsford, British Columbia
Newsfile· 2024-08-09 10:55
Toronto, Ontario--(Newsfile Corp. - August 9, 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 the opening of its newest Heal Wellness location at Highstreet Shopping Centre, unit G115, in the City of West Abbotsford, British Columbia, this Saturday August 10th, 2024. Heal Wellness To view an enhanced version of this graphic, please visit: https://reportify-1252068037.cos.apbeijing.myqcloud. ...
Restaurant Brands International(QSR) - 2024 Q2 - Quarterly Report
2024-08-08 19:48
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 June 30, 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 ...
Tim Hortons drives earnings beat for Restaurant Brands
Proactiveinvestors NA· 2024-08-08 16:27
About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, The ...
Restaurant Brands International(QSR) - 2024 Q2 - Earnings Call Transcript
2024-08-08 15:33
Restaurant Brands International Inc. (NYSE:QSR) Q2 2024 Earnings Conference Call August 8, 2024 8:30 AM ET Company Participants Kendall Peck - Head of IR Joshua Kobza - CEO Sami Siddiqui - CFO Patrick Doyle - Executive Chairman Conference Call Participants Brian Bittner - Oppenheimer & Co David Palmer - Evercore ISI John Ivankoe - JPMorgan Lauren Silberman - Deutsche Bank Dennis Geiger - UBS Andrew Charles - TD Cowen Danilo Gargiulo - AB Bernstein Katherine Griffin - Bank of America Pratik Patel - Barclays ...
Restaurant Brands (QSR) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
ZACKS· 2024-08-08 15:30
For the quarter ended June 2024, Restaurant Brands (QSR) reported revenue of $2.08 billion, up 17.2% over the same period last year. EPS came in at $0.86, compared to $0.85 in the year-ago quarter. The reported revenue represents a surprise of +1.70% over the Zacks Consensus Estimate of $2.05 billion. With the consensus EPS estimate being $0.85, the EPS surprise was +1.18%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ...