Tim Hortons (TSX:THI)' parent company Restaurant Brands International (TSX:QSR, NYSE:QSR) posted better-than-expected financial results for the second quarter, boosted by the Canadian coffee chain's strong performance. Restaurant Brands – whose other franchises are Burger King, Popeyes Louisiana Kitchen (NASDAQ:PLKI) and Firehouse Subs – posted adjusted earnings per share (EPS) of $0.86, ahead of estimates of $0.85.
Restaurant Brands International Inc. (NYSE:QSR ) Q2 2024 Earnings Conference Call August 8, 2024 8:30 AM ET Company Participants Kendall Peck - Head of IR Joshua Kobza - CEO Sami Siddiqui - CFO Patrick Doyle - Executive Chairman Conference Call Participants Brian Bittner - Oppenheimer & Co David Palmer - Evercore ISI John Ivankoe - JPMorgan Lauren Silberman - Deutsche Bank Dennis Geiger - UBS Andrew Charles - TD Cowen Danilo Gargiulo - AB Bernstein Katherine Griffin - Bank of America Pratik Patel - Barclays Jon Tower - Citi Gregory Francfort - Guggenheim Christine Cho - Goldman Sachs Operator Good morning and welcome to the Restaurant Brands International Second Quarter 2024 Earnings Conference Call. All participants will be in listen-only mode.
While the top- and bottom-line numbers for Restaurant Brands (QSR) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Burger King and Popeyes parent Restaurant Brands International (QSR) posted second-quarter earnings that topped analysts' expectations, despite slowing comparable sales growth.
Restaurant Brands (QSR) came out with quarterly earnings of $0.86 per share, beating the Zacks Consensus Estimate of $0.85 per share. This compares to earnings of $0.85 per share a year ago.
Restaurant Brands International's quarterly revenue was better than expected. Canadian coffee chain Tim Hortons was the restaurant company's strongest performer during the quarter.
Restaurant Brands International is one of the largest fast-food restaurant chains in the world that operates Burger King, Tim Hortons, Popeyes, and, since late 2021, Firehouse Subs. The company is scheduled to report its fiscal second-quarter results on Thursday, August 8.
Restaurant Brands International Inc. QSR is set to release earnings results for its second quarter, before the opening bell on Aug. 8, 2024.
Besides Wall Street's top -and-bottom-line estimates for Restaurant Brands (QSR), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended June 2024.
Restaurant Brands (QSR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Investors need to pay close attention to Restaurant Brands (QSR) stock based on the movements in the options market lately.
Consumer sentiment is now weak due to the burden of high interest rates and credit card delinquencies on consumers. I see a lot of challenges in the expansion of Popeyes into Europe and the operation of the branch in China. On the other hand, in its current state, the company has a stable source of cash flow, which it redistributes to shareholders in the form of dividends and share buybacks.