Restaurant Brands International continues to outperform McDonald's in earnings growth and market share gains. MCD maintains a significant valuation premium—over 25% on FCF and 17% on forward PE—despite QSR's superior business momentum. QSR posted 8.5% US same-store sales growth versus MCD's 0.8%, reaffirming its 8% adjusted earnings growth target for 2026.
Restaurant Brands International is upgraded to Buy, driven by Burger King's accelerating market share and resilient comps amid a weak sector. QSR's diversified global brand portfolio and international growth, with overseas system-wide sales exceeding 10%, provide robust long-term expansion opportunities. Despite sector headwinds, QSR delivers margin expansion and 14% pro forma EPS growth, with adjusted EBITDA margins rising to 32.1%.
"Today we are clearly not performing at our potential," Wendy's CEO admitted in a statement.
Restaurant Brands International NYSE: QSR reported second-quarter results that showed continued sales and earnings growth, led by Burger King U.S. and its international operations, while Tim Hortons Canada posted nearly flat comparable sales and Popeyes remained under pressure.
Restaurant Brands International Inc. (QSR) Q2 2026 Earnings Call Transcript
Restaurant Brands International (TSX:QSR, NYSE:QSR) reported second quarter 2026 adjusted earnings above Wall Street expectations on Thursday, supported by stronger comparable sales led by Burger King in the US. The company posted adjusted diluted earnings of $1.07 per share, above the $1.03 consensus estimate, while revenue of $2.52 billion was in line with expectations.
Although the revenue and EPS for Restaurant Brands (QSR) give a sense of how its business performed in the quarter ended June 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Restaurant Brands (QSR) came out with quarterly earnings of $1.07 per share, beating the Zacks Consensus Estimate of $1.03 per share. This compares to earnings of $0.94 per share a year ago.
Restaurant Brands International's profit rose in the second quarter, driven by a standout performance at Burger King U.S. that bucked a broader trend of slowing fast-food demand across other major chains.
Restaurant Brands International topped Wall Street's quarterly earnings expectations. Burger King's U.S. business reported same-store sales growth of 8.5%.
QSR heads into Q2 earnings with Burger King and Tim Hortons in focus as investors watch value-driven sales, digital growth and international expansion.
Looking beyond Wall Street's top-and-bottom-line estimate forecasts for Restaurant Brands (QSR), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended June 2026.