Restaurant Brands Analysts Trim Forecasts After Q3 Sales Miss
Shares of Restaurant Brands slid after the company reported downbeat Q3. Analysts cut price targets but see potential for earnings support next year.
Restaurant Brands' sales miss expectations, comparable sales soften
Looking ahead to 2024, QSR continues to expect adjusted interest expense between $565M and $575M and consolidated capital expenditures of ~$300M. SG&A, including the new segment, is expected to range between $640M to $650M, including share-based compensation and non-cash incentive compensation expense between $170M and $175M.
Restaurant Brands experiences sales growth in Q3
Restaurant Brands International Inc. is one of the world's largest quick service restaurant companies with over $40 billion in annual system-wide sales and over 30,000 restaurants in more than 120 cou
Tim Hortons parent Restaurant Brands sees sales slow amid 'difficult' economy
TORONTO — A "difficult" economic environment took a bite out of Restaurant Brands International Inc.'s profit in its most recent quarter as sales fell across three of the company's brands, but executives say they've already seen signs of improvement in October.
Burger King parent Restaurant Brands falls short of third-quarter expectations
Net sales climbed 24.7%, largely thanks to the company’s acquisitions of its largest U.S. Burger King franchisee and its Popeyes business in China.
Burger King Parent’s Results Fall Short; ‘We Need to Provide Better Value’
Burger King's parent company said it needs to offer better value to cash-strapped diners, as a tough consumer environment weighed on sales. Restaurant Brands International’s adjusted third-quarter earnings and sales came in slightly below consensus expectations.
Burger King parent Restaurant Brands misses sales estimates on muted demand
Restaurant Brands missed estimates for quarterly revenue on Tuesday due to weak demand across key businesses such as Tim Hortons, Burger King and international markets including China and the Middle East.
Restaurant Brands’ Sales Miss on Burger King, Popeyes Slump
Restaurant Brands International Inc., the owner of Burger King and Tim Hortons, posted sales that grew slower than expected in the third quarter, highlighting many chains’ struggle to attract diners grappling with elevated costs.
Restaurant Brands: EPS Misses Estimates
Restaurant Brands International reported mixed third-quarter results with a slight revenue miss but robust international growth.
Burger King parent Restaurant Brands falls short of third-quarter revenue expectations
Net sales climbed 24.7%, largely thanks to the company’s acquisitions of its largest U.S. Burger King franchisee and its Popeyes business in China.
Restaurant Brands International Shares Fall on Downgraded 2024 Targets, 3Q Misses
The Canadian-American fast food company reported revenue that rose to $2.29 billion from $1.84 billion in the third quarter, a figure that includes its acquisitions of Carrols Restaurant Group and ...
Restaurant Brands Earnings: What To Look For From QSR
Fast-food company Restaurant Brands International (NYSE:QSR) will be reporting earnings tomorrow morning. Here’s what ...
Tim Hortons parent Restaurant Brands misses analysts’ estimates as demand slows
Net earnings fell slightly to US$357-million in the third quarter while revenue grew to US$2.29-billion, but both fell short ...
Oppenheimer Keeps Their Buy Rating on Restaurant Brands International (QSR)
In a report released today, Brian Bittner from Oppenheimer maintained a Buy rating on Restaurant Brands International (QSR – Research ...