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Restaurant Brands (QSR) Reports Q1 Earnings: What Key Metrics Have to Say
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For the quarter ended March 2023, Restaurant Brands (QSR - Free Report) reported revenue of $1.59 billion, up 9.6% over the same period last year. EPS came in at $0.75, compared to $0.64 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.55 billion, representing a surprise of +2.26%. The company delivered an EPS surprise of +19.05%, with the consensus EPS estimate being $0.63.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
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 growth-PLK: 5.6% versus the seven-analyst average estimate of 3.6%.
Comparable Sales - TH - Global: 15.5% versus the seven-analyst average estimate of 8.48%.
Comparable Sales - BK - Global: 8.7% compared to the 5.69% average estimate based on seven analysts.
Total restaurant sites: 29956 versus 30638.83 estimated by six analysts on average.
Advertising revenues and other services: $254 million compared to the $248.70 million average estimate based on seven analysts. The reported number represents a change of +11.9% year over year.
Franchise and property revenues: $668 million versus $635.14 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +8.6% change.
Sales: $668 million versus the seven-analyst average estimate of $665.62 million. The reported number represents a year-over-year change of +9.7%.
Revenues- FHS: $38 million versus the three-analyst average estimate of $35.36 million.
System-wide sales- BK: $6.24 billion compared to the $6.09 billion average estimate based on three analysts.
System-wide sales- FHS: $292 million versus $283.40 million estimated by three analysts on average.
System-wide sales- PLK: $1.57 billion versus the three-analyst average estimate of $1.55 billion.
System-wide sales- TH: $1.73 billion versus the three-analyst average estimate of $1.67 billion.
Shares of Restaurant Brands have returned +9% over the past month versus the Zacks S&P 500 composite's +0.4% 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) Reports Q1 Earnings: What Key Metrics Have to Say
For the quarter ended March 2023, Restaurant Brands (QSR - Free Report) reported revenue of $1.59 billion, up 9.6% over the same period last year. EPS came in at $0.75, compared to $0.64 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.55 billion, representing a surprise of +2.26%. The company delivered an EPS surprise of +19.05%, with the consensus EPS estimate being $0.63.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
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 growth-PLK: 5.6% versus the seven-analyst average estimate of 3.6%.
- Comparable Sales - TH - Global: 15.5% versus the seven-analyst average estimate of 8.48%.
- Comparable Sales - BK - Global: 8.7% compared to the 5.69% average estimate based on seven analysts.
- Total restaurant sites: 29956 versus 30638.83 estimated by six analysts on average.
- Advertising revenues and other services: $254 million compared to the $248.70 million average estimate based on seven analysts. The reported number represents a change of +11.9% year over year.
- Franchise and property revenues: $668 million versus $635.14 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +8.6% change.
- Sales: $668 million versus the seven-analyst average estimate of $665.62 million. The reported number represents a year-over-year change of +9.7%.
- Revenues- FHS: $38 million versus the three-analyst average estimate of $35.36 million.
- System-wide sales- BK: $6.24 billion compared to the $6.09 billion average estimate based on three analysts.
- System-wide sales- FHS: $292 million versus $283.40 million estimated by three analysts on average.
- System-wide sales- PLK: $1.57 billion versus the three-analyst average estimate of $1.55 billion.
- System-wide sales- TH: $1.73 billion versus the three-analyst average estimate of $1.67 billion.
View all Key Company Metrics for Restaurant Brands here>>>Shares of Restaurant Brands have returned +9% over the past month versus the Zacks S&P 500 composite's +0.4% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.