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Restaurant Brands (QSR) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

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For the quarter ended September 2026, Restaurant Brands (QSR - Free Report) reported revenue of $2.53 billion, up 3.1% over the same period last year. EPS came in at $1.10, compared to $1.03 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $2.54 billion, representing a surprise of -0.43%. The company delivered an EPS surprise of +1.85%, with the consensus EPS estimate being $1.08.

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.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

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 - PLK - Global: -1.8% versus the five-analyst average estimate of -0.8%.
  • Comparable Sales - BK - Global: 8.3% versus the five-analyst average estimate of 5.2%.
  • Comparable Sales - TH - Global: 1.5% versus 1.2% estimated by five analysts on average.
  • Comparable Sales - FHS - Global: 1.5% compared to the 0.8% average estimate based on five analysts.
  • Revenues- RH: $487 million versus $490.44 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +6.1% change.
  • Revenues- Advertising revenues and other services: $323 million versus the five-analyst average estimate of $329.13 million. The reported number represents a year-over-year change of +2.9%.
  • Revenues- Franchise and property revenues: $814 million compared to the $819.18 million average estimate based on five analysts. The reported number represents a change of +4.6% year over year.
  • Revenues- FHS (Firehouse Subs): $65 million compared to the $62.33 million average estimate based on four analysts. The reported number represents a change of +8.3% year over year.
  • Revenues- PLK (Popeyes Louisiana Kitchen): $204 million versus the four-analyst average estimate of $191.38 million. The reported number represents a year-over-year change of +1.5%.
  • Revenues- TH (Tim Hortons): $1.14 billion versus the four-analyst average estimate of $1.14 billion. The reported number represents a year-over-year change of +1%.
  • Revenues- BK (Burger King): $396 million compared to the $380.69 million average estimate based on four analysts. The reported number represents a change of +2.3% year over year.
  • Revenues- FHS (Firehouse Subs)- Company Restaurant Sales: $12 million compared to the $11.44 million average estimate based on four analysts. The reported number represents a change of +9.1% year over year.

View all Key Company Metrics for Restaurant Brands here>>>

Shares of Restaurant Brands have returned +4.8% over the past month versus the Zacks S&P 500 composite's +0.9% 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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