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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 also note the recent earnings estimate revisions for QSR, as the consensus estimate has largely remained unchanged. Moreover, QSR has a superb earnings history, with the company delivering positive earnings surprises consecutively over the past four quarters, thereby bringing the average to a positive earnings surprise of 17.63%.
Currently, QSR has a Zacks Rank #3 (Hold) but that could change following Restaurant Brands earnings report which was just released. 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 35 cents per share, and the company posted adjusted EPS of 41 cents. Investors should note that these figures include stock based compensation expenses.
Revenues: QSR reported revenues of $1.040 billion. This lags our consensus estimate of $1.047 billion.
Key Stats to Note: Tim Hortons comparable sales increased 2.7% and Burger King comparable sales increased 0.6%.
Stock Price: Shares did not show any significant movement in pre-market trading.
Check back later for our full write up on this QSR earnings report later!
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Restaurant Brands Q2 Earnings Beat; Revenues Lags
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 also note the recent earnings estimate revisions for QSR, as the consensus estimate has largely remained unchanged. Moreover, QSR has a superb earnings history, with the company delivering positive earnings surprises consecutively over the past four quarters, thereby bringing the average to a positive earnings surprise of 17.63%.
Currently, QSR has a Zacks Rank #3 (Hold) but that could change following Restaurant Brands earnings report which was just released. 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 35 cents per share, and the company posted adjusted EPS of 41 cents. Investors should note that these figures include stock based compensation expenses.
Revenues: QSR reported revenues of $1.040 billion. This lags our consensus estimate of $1.047 billion.
Key Stats to Note: Tim Hortons comparable sales increased 2.7% and Burger King comparable sales increased 0.6%.
Stock Price: Shares did not show any significant movement in pre-market trading.
Check back later for our full write up on this QSR earnings report later!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>