Restaurant Brands Sales Disappoint on North America Weakness [BNN Bloomberg (Canada)]
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: BNN Bloomberg
The group eked out an 0.3% gain in comparable sales, according to a statement Tuesday. Still, analysts anticipated faster growth. System-wide sales of $11.4 billion were also short of the average analyst estimate. Following the sales miss, the company's shares dropped by roughly 5% in premarket trading on Tuesday. The stock is down 10% this year through Monday's close, compared with a 20% increase in the S&P 500. North America was a weak point, with Restaurant Brands posting comparable sales declines there for Burger King, Popeyes Louisiana Kitchen and Firehouse Subs. Tim Hortons, which has the bulk of its locations in Canada, was a bright spot, as was Restaurant Brands' international business. Sales dropped by 0.7% at Burger King and 4% at Popeyes, while comparable sales were up by 2.3% at Tim Hortons. Chief Executive Officer Josh Kobza said in the statement that comparable sales improved in October, adding that the company is still on target to reach its goal of expanding adj
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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