Restaurant Brands International said on Tuesday it has bought stakes in Burger King China from its local franchisee for about $158 million, giving it nearly total ownership of the business.
RBI delivered strong Q4 results, beating sales and EPS, with same-store sales growing 2.3% year-over-year, thanks to Tim Hortons' dominance in Canada. Tim Hortons continues to excel with 15 consecutive quarters of positive traffic growth, contributing significantly to RBI's overall performance and revenue. Despite challenges, Burger King and Popeyes showed signs of recovery in Q4, with Burger King remodeling efforts boosting future prospects.
Oppenheimer analyst Brian Bittner reiterated an Outperform rating on Restaurant Brands International Inc QSR with a price forecast of $77.00.
QSR's fourth-quarter top line reflects strong comps performance at the International and Tim Hortons segments.
Burger King's kingdom is getting a makeover following a slight uptick in sales. Restaurant Brands International (RBI), owner of the fast food chain and several other brands, released earnings Wednesday (Feb. 12) showing a 2.5% increase in comparable sales.
Although the revenue and EPS for Restaurant Brands (QSR) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Restaurant Brands International also reported a same-restaurant sales beat for Burger King, marking the chain's first such beat in six quarters.
Restaurant Brands (QSR) came out with quarterly earnings of $0.81 per share, beating the Zacks Consensus Estimate of $0.79 per share. This compares to earnings of $0.75 per share a year ago.
Restaurant Brands International Inc QSR shares are trading higher in premarket on Wednesday.
Restaurant Brands International (QSR 0.78%), a leading quick-service restaurant company known for brands like Burger King, Tim Hortons, and Popeyes, reported its fourth-quarter 2024 earnings on February 12, 2025. The results beat market expectations, with Adjusted Diluted EPS of $0.81 compared to predictions of $0.784, an 8% year-over-year growth.
Restaurant Brands International (QSR) reported better-than-expected fourth-quarter results Wednesday, sending shares higher in premarket trading.
Restaurant Brands International reported quarterly adjusted earnings per share of 81 cents and revenue of $2.3 billion. Burger King's and Popeyes' U.S. restaurants outperformed Wall Street's expectations.