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Compared to Estimates, Restaurant Brands (QSR) Q1 Earnings: A Look at Key Metrics
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Restaurant Brands (QSR - Free Report) reported $1.74 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 9.4%. EPS of $0.73 for the same period compares to $0.75 a year ago.
The reported revenue represents a surprise of +1.40% over the Zacks Consensus Estimate of $1.71 billion. With the consensus EPS estimate being $0.72, the EPS surprise was +1.39%.
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 - TH - Global: 6.9% compared to the 4.4% average estimate based on seven analysts.
Comparable sales growth-PLK: 6.2% compared to the 3.4% average estimate based on seven analysts.
Total restaurant sites: 31,113 compared to the 31,219 average estimate based on seven analysts.
Comparable sales growth- FHS: 4.3% versus 2.2% estimated by seven analysts on average.
Sales: $729 million versus the eight-analyst average estimate of $721.69 million. The reported number represents a year-over-year change of +9.1%.
Advertising revenues and other services: $298 million versus the eight-analyst average estimate of $283.47 million. The reported number represents a year-over-year change of +17.3%.
Franchise and property revenues: $712 million versus $705.85 million estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a +6.6% change.
Revenues- FHS: $50 million versus the five-analyst average estimate of $48.91 million. The reported number represents a year-over-year change of +31.6%.
System-wide sales- TH: $1.73 billion versus the five-analyst average estimate of $1.69 billion.
System-wide sales- PLK: $1.52 billion versus $1.50 billion estimated by five analysts on average.
Revenues- PLK (Popeyes brand): $178 million versus $172.03 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +6% change.
Revenues- BK (Burger King brand): $350 million versus the five-analyst average estimate of $331.83 million. The reported number represents a year-over-year change of -27.7%.
Shares of Restaurant Brands have returned -5.9% over the past month versus the Zacks S&P 500 composite's -2.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Compared to Estimates, Restaurant Brands (QSR) Q1 Earnings: A Look at Key Metrics
Restaurant Brands (QSR - Free Report) reported $1.74 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 9.4%. EPS of $0.73 for the same period compares to $0.75 a year ago.
The reported revenue represents a surprise of +1.40% over the Zacks Consensus Estimate of $1.71 billion. With the consensus EPS estimate being $0.72, the EPS surprise was +1.39%.
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 - TH - Global: 6.9% compared to the 4.4% average estimate based on seven analysts.
- Comparable sales growth-PLK: 6.2% compared to the 3.4% average estimate based on seven analysts.
- Total restaurant sites: 31,113 compared to the 31,219 average estimate based on seven analysts.
- Comparable sales growth- FHS: 4.3% versus 2.2% estimated by seven analysts on average.
- Sales: $729 million versus the eight-analyst average estimate of $721.69 million. The reported number represents a year-over-year change of +9.1%.
- Advertising revenues and other services: $298 million versus the eight-analyst average estimate of $283.47 million. The reported number represents a year-over-year change of +17.3%.
- Franchise and property revenues: $712 million versus $705.85 million estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a +6.6% change.
- Revenues- FHS: $50 million versus the five-analyst average estimate of $48.91 million. The reported number represents a year-over-year change of +31.6%.
- System-wide sales- TH: $1.73 billion versus the five-analyst average estimate of $1.69 billion.
- System-wide sales- PLK: $1.52 billion versus $1.50 billion estimated by five analysts on average.
- Revenues- PLK (Popeyes brand): $178 million versus $172.03 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +6% change.
- Revenues- BK (Burger King brand): $350 million versus the five-analyst average estimate of $331.83 million. The reported number represents a year-over-year change of -27.7%.
View all Key Company Metrics for Restaurant Brands here>>>Shares of Restaurant Brands have returned -5.9% over the past month versus the Zacks S&P 500 composite's -2.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.