Market Overview

Restaurant Brands: Q3 Earnings Insights

Share:

Shares of Restaurant Brands Intl (NYSE:QSR) were flat in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share fell 5.56% year over year to $0.68, which beat the estimate of $0.56.

Revenue of $1,337,000,000 decreased by 8.30% year over year, which beat the estimate of $1,150,000,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Price Action

52-week high: $69.86

52-week low: $25.08

Price action over last quarter: Up 3.13%

Company Profile

The consolidation of Burger King, Tim Hortons, and Popeyes Louisiana Kitchen as Restaurant Brands International represents the third-largest global quick-service restaurant chain, with $34 billion in pro forma system sales generated in 2019 and almost 27,200 units (99% franchised) as of March 2020. Revenue comes largely from franchise royalties and distribution sales to franchisees. As of June, there were 18,800 Burger King locations, more than 4,900 Tim Hortons locations, and almost 3,400 Popeyes locations across the globe.

 

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Posted-In: Earnings News

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