Headquartered in Miami, FL, Restaurant Brands International, Inc.QSR 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 more than $24 billion, the new company now has over 20,000 restaurants in around 100 countries.
Investors should note that the consensus estimate for QSR has hardly witnessed any significant movement over the last 60 days. Meanwhile, QSR's earnings have been strong over the past few quarters. In fact, the company posted positive earnings surprises consecutively in all of the last four quarters, with an average beat of 19.62%. Revenues also outpaced the Zacks Consensus Estimate in three of the trailing four quarters.
Restaurant Brands International Inc. Price and EPS Surprise
Currently, QSR has a Zacks Rank #4 (Sell) but that could change following Restaurant Brands earnings report which was just released. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: QSR beats on earnings. Our consensus earnings estimate called for EPS of 42 cents per share, and the company posted adjusted EPS of 44 cents. Investors should note that these figures include stock based compensation expenses.
Revenues: QSR reported revenues of $1.111 billion. This surpassed our consensus estimate of $1.103 billion.
Key Stats to Note: Tim Hortons comparable sales increased 0.2% and Burger King comparable sales increased 2.8%. Adjusted EBITDA of $512.4 million was up 16.4% on an organic basis versus prior year results.
Stock Price: Inactive in pre-market trading .
Check back later for our full write up on this QSR earnings report!
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