Burger King-parent Restaurant Brands misses third-quarter earnings estimates [Yahoo! Finance]
Restaurant Brands International Inc. Common Shares (QSR)
Last restaurant brands international inc. common shares earnings: 5/1 06:30 am
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Source: Yahoo! Finance
In the three months ended on Sept. 30, the owner of popular Canadian coffee chain Tim Hortons reported a 24.7% increase in total revenue compared to the year-ago period to $2.29 billion, although this was below Bloomberg consensus estimates of $2.32 billion. Boosting the top-line returns were the firm's recent acquisitions of its biggest Burger King franchisee in the US and its Popeyes operations in China, Restaurant Brands noted. Comparable sales at Tim Hortons, a key demand driver, came in at 2.3% despite attempts to refresh its menu options to entice customers. Burger King, which rolled out a $5 value meal earlier this year to attract more inflation-hit diners, posted a 0.7% dip in comparable sales. Restaurant Brands has been pushing to overhaul the business, including through store remodelings and equipment upgrades. Group-wide, comparable sales expanded by 0.3%, well under expectations of 1.89%. Adjusted earnings before interest, tax, depreciation and amortization rose
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News
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- Where Will Restaurant Brands International Stock Be in 1/3/5 Years? [Yahoo! Finance Canada]Yahoo! Finance Canada
- Restaurant Brands' Q3 Revenue Slows Amid Rising Costs, Tim Hortons Boosts Growth [Yahoo! Finance]Yahoo! Finance
- Tim Hortons sees Canada's population growth as 'opportunity for more Tims' [Yahoo! Finance Canada]Yahoo! Finance Canada
- Compared to Estimates, Restaurant Brands (QSR) Q3 Earnings: A Look at Key Metrics [Yahoo! Finance]Yahoo! Finance
QSR
Earnings
- 11/5/24 - Miss
QSR
Sec Filings
- 11/5/24 - Form 10-Q
- 11/5/24 - Form 10-Q
- 11/5/24 - Form 8-K
- QSR's page on the SEC website