Restaurant Brands International Inc. (NYSE: QSR), the renowned operator of Burger King, Tim Hortons, and Popeyes Louisiana, has announced impressive financial results for the quarter. The company reported a net income of $726 million, or $1.60 per share, marking a significant increase from $335 million, or 74 cents per share, recorded in the same period last year.
Adjusted per-share earnings stood at 75 cents, surpassing the FactSet consensus of 73 cents. Additionally, the company's revenue saw substantial growth, rising from $1.689 billion to $1.820 billion. This revenue figure aligns perfectly with the FactSet consensus.
Same-Restaurant Sales and Expansion Plans
While same-restaurant sales experienced a notable increase of 5.8%, analysts were initially expecting a rise of 6.4%. Restaurant Brands International Inc. aims to capitalize on its continually growing customer base by expanding their reporting into five operating segments:
- Tim Hortons Brand in Canada and the U.S.
- Burger King Brand in the U.S. and Canada
- Popeyes Louisiana Kitchen Brand in the U.S. and Canada
- Firehouse Subs Brand in the U.S. and Canada
- International Presence
Positive Stock Performance
Despite experiencing a slight decrease in premarket trading, Restaurant Brands International Inc.'s stock has showcased an overall positive trend over the past 12 months, with a remarkable 16% increase. In comparison, the S&P 500 has gained 22.8% during the same period.
Restaurant Brands International Inc.'s ability to consistently deliver strong financial results and its ambitious expansion plans position the company for further success in the future.
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