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Headquartered in Miami, FL, Restaurant Brands International Inc. (QSR - Free Report) 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 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 note that the consensus estimate for QSR has hardly witnessed any significant movement over the last 60 days. Meanwhile, QSR’s earnings have been strong over the past few quarters. In fact, the company posted positive earnings surprises consecutively in all of the last four quarters, with an average beat of 20.07%. Revenues, however, outpaced the Zacks Consensus Estimate in two of the trailing four quarters.
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 41 cents per share, and the company posted adjusted EPS of 43 cents. Investors should note that these figures include stock based compensation expenses.
Revenues: QSR reported revenues of $1.075 billion. This surpassed our consensus estimate of $1.050 billion.
Key Stats to Note: Tim Hortons comparable sales increased 2.0% and Burger King comparable sales increased 1.7%. Adjusted EBITDA of $488.9 million was up 11.3% on an organic basis versus prior year results.
Stock Price: Inactive in pre-market trading.
Check back later for our full write up on this QSR earnings report!
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Restaurant Brands (QSR) Reports Q3 Earnings & Revenues Beat
Headquartered in Miami, FL, Restaurant Brands International Inc. (QSR - Free Report) 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 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 note that the consensus estimate for QSR has hardly witnessed any significant movement over the last 60 days. Meanwhile, QSR’s earnings have been strong over the past few quarters. In fact, the company posted positive earnings surprises consecutively in all of the last four quarters, with an average beat of 20.07%. Revenues, however, outpaced the Zacks Consensus Estimate in two of the trailing four quarters.
Currently, QSR has a Zacks Rank #3 (Hold) but that could change following Restaurant Brands earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
RESTAURANT BRND Price and EPS Surprise
RESTAURANT BRND Price and EPS Surprise | RESTAURANT BRND Quote
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 41 cents per share, and the company posted adjusted EPS of 43 cents. Investors should note that these figures include stock based compensation expenses.
Revenues: QSR reported revenues of $1.075 billion. This surpassed our consensus estimate of $1.050 billion.
Key Stats to Note: Tim Hortons comparable sales increased 2.0% and Burger King comparable sales increased 1.7%. Adjusted EBITDA of $488.9 million was up 11.3% on an organic basis versus prior year results.
Stock Price: Inactive in pre-market trading.
Check back later for our full write up on this QSR earnings report!
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>