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Restaurant Brands (QSR) Q1 Earnings Top, Sales Lag Estimates
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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. These independently operated brands have been serving their customers for more than 50 years.
Notably, with the acquisition of Popeyes Louisiana Kitchen, the company now has three operating segments: Tim Hortons, Burger King, and Popeyes Louisiana Kitchen. The acquisition of Popeyes has added a booming, highly-regarded brand to Restaurant Brands that has a distinctive position within a compelling segment along with strong customer loyalty and riveting prospects for growth in the United States and internationally.
The company believes that there is an attractive opportunity to grow all is brands around the world by expanding its presence in existing markets as well as entering new markets. Yet, rising labor costs has been denting the company’s profitability.
Investors should note that the current-year consensus estimate for QSR has gone down 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 each of the last four quarters, with an average beat of 12.59%.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: QSR beat on earnings, as per the previous standard of revenue recognition by the company. The Zacks Consensus Estimate called for EPS of 56 cents per share, and the company posted adjusted EPS of 67 cents.
Revenues: QSR reported revenues of $1.25 billion. However, per its previous revenue recognition accounting standard, revenues came in at $1.07 billion. This lagged the consensus estimate of $1.13 billion.
Key Stats to Note: In first-quarter 2018, comparable sales at Tim Hortons declined 0.3% while that of Burger King increased 3.8%. Comps at Popeyes increased 3.2% in the quarter.
Stock Price: Inactive in pre-market trading.
Restaurant Brands International Inc. Price, Consensus and EPS Surprise
Check back later for our full write up on this QSR earnings report!
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With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
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Restaurant Brands (QSR) Q1 Earnings Top, Sales Lag Estimates
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. These independently operated brands have been serving their customers for more than 50 years.
Notably, with the acquisition of Popeyes Louisiana Kitchen, the company now has three operating segments: Tim Hortons, Burger King, and Popeyes Louisiana Kitchen. The acquisition of Popeyes has added a booming, highly-regarded brand to Restaurant Brands that has a distinctive position within a compelling segment along with strong customer loyalty and riveting prospects for growth in the United States and internationally.
The company believes that there is an attractive opportunity to grow all is brands around the world by expanding its presence in existing markets as well as entering new markets. Yet, rising labor costs has been denting the company’s profitability.
Investors should note that the current-year consensus estimate for QSR has gone down 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 each of the last four quarters, with an average beat of 12.59%.
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.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: QSR beat on earnings, as per the previous standard of revenue recognition by the company. The Zacks Consensus Estimate called for EPS of 56 cents per share, and the company posted adjusted EPS of 67 cents.
Revenues: QSR reported revenues of $1.25 billion. However, per its previous revenue recognition accounting standard, revenues came in at $1.07 billion. This lagged the consensus estimate of $1.13 billion.
Key Stats to Note: In first-quarter 2018, comparable sales at Tim Hortons declined 0.3% while that of Burger King increased 3.8%. Comps at Popeyes increased 3.2% in the quarter.
Stock Price: Inactive in pre-market trading.
Restaurant Brands International Inc. Price, Consensus and EPS Surprise
Restaurant Brands International Inc. Price, Consensus and EPS Surprise | Restaurant Brands International Inc. Quote
Check back later for our full write up on this QSR earnings report!
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>