Restaurant Brands (QSR - Free Report) reported $1.82 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 7.8%. EPS of $0.75 for the same period compares to $0.72 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.8 billion, representing a surprise of +1.01%. The company delivered an EPS surprise of +2.74%, with the consensus EPS estimate being $0.73.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Restaurant Brands performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Comparable Sales - BK - Global: 6.3% versus 6.1% estimated by nine analysts on average.
- Comparable Sales - TH - Global: 8.4% versus 3.9% estimated by nine analysts on average.
- Comparable sales growth-PLK: 5.5% compared to the 4.7% average estimate based on nine analysts.
- Restaurant Count - BK - Global: 7,144 versus 19,367 estimated by eight analysts on average.
- Advertising revenues and other services: $313 million compared to the $304.63 million average estimate based on nine analysts. The reported number represents a change of +14.2% year over year.
- Sales: $767 million compared to the $775.30 million average estimate based on nine analysts. The reported number represents a change of +3.2% year over year.
- Franchise and property revenues: $740 million compared to the $729.55 million average estimate based on nine analysts. The reported number represents a change of +10.1% year over year.
- Revenues- FHS: $51 million versus $44.20 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +41.7% change.
- System-wide sales- TH: $1.85 billion compared to the $1.96 billion average estimate based on five analysts.
- System-wide sales- PLK: $1.50 billion versus the five-analyst average estimate of $1.75 billion.
- System-wide sales- FHS: $298 million versus $313.25 million estimated by five analysts on average.
- Revenues- PLK (Popeyes brand): $182 million compared to the $188.50 million average estimate based on five analysts. The reported number represents a change of +7.1% year over year.
View all Key Company Metrics for Restaurant Brands here>>>Shares of Restaurant Brands have returned -0.2% over the past month versus the Zacks S&P 500 composite's +5.1% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Restaurant Brands (QSR - Free Report) reported $1.82 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 7.8%. EPS of $0.75 for the same period compares to $0.72 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.8 billion, representing a surprise of +1.01%. The company delivered an EPS surprise of +2.74%, with the consensus EPS estimate being $0.73.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Restaurant Brands performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Comparable Sales - BK - Global: 6.3% versus 6.1% estimated by nine analysts on average.
- Comparable Sales - TH - Global: 8.4% versus 3.9% estimated by nine analysts on average.
- Comparable sales growth-PLK: 5.5% compared to the 4.7% average estimate based on nine analysts.
- Restaurant Count - BK - Global: 7,144 versus 19,367 estimated by eight analysts on average.
- Advertising revenues and other services: $313 million compared to the $304.63 million average estimate based on nine analysts. The reported number represents a change of +14.2% year over year.
- Sales: $767 million compared to the $775.30 million average estimate based on nine analysts. The reported number represents a change of +3.2% year over year.
- Franchise and property revenues: $740 million compared to the $729.55 million average estimate based on nine analysts. The reported number represents a change of +10.1% year over year.
- Revenues- FHS: $51 million versus $44.20 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +41.7% change.
- System-wide sales- TH: $1.85 billion compared to the $1.96 billion average estimate based on five analysts.
- System-wide sales- PLK: $1.50 billion versus the five-analyst average estimate of $1.75 billion.
- System-wide sales- FHS: $298 million versus $313.25 million estimated by five analysts on average.
- Revenues- PLK (Popeyes brand): $182 million compared to the $188.50 million average estimate based on five analysts. The reported number represents a change of +7.1% year over year.
View all Key Company Metrics for Restaurant Brands here>>>Shares of Restaurant Brands have returned -0.2% over the past month versus the Zacks S&P 500 composite's +5.1% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
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