Here's What Key Metrics Tell Us About Restaurant Brands (QSR) Q3 Earnings

Core Insights - Restaurant Brands reported $2.45 billion in revenue for the quarter ended September 2025, marking a year-over-year increase of 6.9% and exceeding the Zacks Consensus Estimate by 2.47% [1] - The earnings per share (EPS) for the same period was $1.03, up from $0.93 a year ago, representing a surprise of 3% over the consensus EPS estimate of $1.00 [1] Financial Performance Metrics - Comparable Sales for Burger King (BK) globally were 3.1%, surpassing the average estimate of 2% [4] - Comparable Sales for Popeyes Louisiana Kitchen (PLK) globally were -2.4%, below the average estimate of 1.3% [4] - Comparable Sales for Tim Hortons (TH) globally were 4.2%, exceeding the average estimate of 3.3% [4] - Comparable Sales for Firehouse Subs (FHS) globally were 2.6%, slightly above the average estimate of 2.3% [4] Revenue Breakdown - Advertising revenues and other services totaled $314 million, slightly above the average estimate of $312.14 million, with a year-over-year change of +8.3% [4] - Franchise and property revenues reached $778 million, exceeding the average estimate of $764.19 million, reflecting a year-over-year increase of +5.9% [4] - Revenues from Firehouse Subs (FHS) were $60 million, compared to the average estimate of $58.05 million, representing a year-over-year change of +13.2% [4] System-wide Sales - System-wide sales for Tim Hortons (TH) were $2.03 billion, above the average estimate of $1.99 billion, with a year-over-year change of +3.9% [4] - System-wide sales for Burger King (BK) were $2.96 billion, exceeding the average estimate of $2.92 billion, reflecting a year-over-year increase of +2.3% [4] - System-wide sales for Popeyes Louisiana Kitchen (PLK) were $1.52 billion, slightly below the average estimate of $1.55 billion, with a year-over-year change of +0.7% [4] - System-wide sales for Firehouse Subs (FHS) were $332 million, surpassing the average estimate of $327.58 million, representing a year-over-year increase of +10.3% [4] - Consolidated system-wide sales totaled $12.28 billion, exceeding the average estimate of $11.98 billion, with a year-over-year change of +7.4% [4] Stock Performance - Shares of Restaurant Brands have returned -0.2% over the past month, while the Zacks S&P 500 composite has changed by +3.6% [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]