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Restaurant Brands Q1 Earnings and Revenues Beat

Headquartered in Miami, FL, Restaurant Brands International Inc. QSR came into existence with the merger of Tim Hortons Inc. and Burger King Worldwide Inc. Restaurant Brands is now the parent company of these two iconic quick service restaurant brands. These independently operated brands have been serving their customers for more than 50 years.

Restaurant Brands International Inc houses these two big brands, with a combined market value of roughly $19 billion. With a combined system sales of $23 billion, the new company now has over 19,000 restaurants in around 100 countries.

Investors should also note the recent earnings estimate revisions for QSR, as the consensus estimate has declined. Restaurant Brands has posted a positive earnings surprise of 6.45% in the last quarter. Revenues, however, beat expectations marginally by 0.5%.

Currently, QSR has a Zacks Rank #3 (Hold) but that could change following Restaurant Brands earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: QSR beat on earnings. Our consensus earnings estimate called for EPS of 20 cents per share, and the company reported EPS of 30 cents. Investors should note that these figures include stock based compensation expenses.

Revenues: QSR reported revenues of $918.5 million. This beat our consensus estimate of $914 million.

Key Stats to Note: Tim Hortons comparable sales increased 5.6% and Burger King comparable sales increased 4.6%.

Check back later for our full write up on this QSR earnings report later!

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RESTAURANT BRND (QSR): Free Stock Analysis Report
 
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