Profile
Sector:
Consumer CyclicalIndustry:
RestaurantsCountry:
CanadaIPO:
11 December 2014Website:
http://www.rbi.comNext earnings report:
30 April 2025Last dividends:
20 September 2024Next dividends:
20 December 2024Price
after hours | 15 min agoAnalysts recommendations
Institutional Ownership
QSR Latest News
Toronto, Ontario--(Newsfile Corp. - November 19, 2024) - Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: HBFGF) ("Happy Belly" or the "Company"), a leading consolidator of emerging food brands is pleased to announce it has signed a franchisee for Kingston, Ontario for its Heal Wellness brand, a fresh smoothie bowls, acai bowls, and smoothies quick serve restaurant ("QSR"). Heal Wellness 1 To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/6625/230560_0479325af42f3ab7_002full.jpg "When first acquired, Heal had two locations serving smoothie and acai bowls and did not have a franchising program.
After a 10% decline since the beginning of this year, at the current price of around $68 per share, we believe Restaurant Brands International Inc. stock (NYSE: QSR), one of the largest fast-food restaurant chains in the world, including Burger King, Tim Hortons, Popeyes, and, since late 2021, also Firehouse Subs - could see modest gains in the near term. QSR stock has declined from around $78 to $68 year-t0-date, underperforming the broader indices, with the S&P growing about 20% over the same period.
Restaurant Brands International faces challenges in China, but strong performance in the US and other international markets supports a 'Strong Buy' rating. Tim Hortons and the International segment are key growth drivers, contributing nearly 70% of QSR's adjusted operating profit. Despite macro pressures, the Company's diversified portfolio enables resilience, with consolidated comparable sales growing year-over-year.
QSR's third-quarter revenues benefit from system-wide sales increases at International (INTL) and Tim Hortons (TH).
Restaurant Brands International Inc. (NYSE:QSR ) Q3 2024 Earnings Call Transcript November 5, 2024 8:45 AM ET Company Participants Kendall Peck - Head of Investor Relations Josh Kobza - Chief Executive Officer Sami Siddiqui - Chief Financial Officer Patrick Doyle - Executive Chairman Conference Call Participants Brian Bittner - Oppenheimer & Co John Ivankoe - JPMorgan Dennis Geiger - UBS David Palmer - Evercore ISI Gregory Francfort - Guggenheim Lauren Silberman - Deutsche Bank Danilo Gargiulo - AB Bernstein Sara Senatore - Bank of America Jon Tower - Citi Christine Cho - Goldman Sachs Operator Good morning and welcome to the Restaurant Brands International Third Quarter 2024 Earnings Conference Call. All participants will be in listen-only mode.
Restaurant Brands (QSR) came out with quarterly earnings of $0.93 per share, missing the Zacks Consensus Estimate of $0.94 per share. This compares to earnings of $0.90 per share a year ago.
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.
Consolidated system-wide sales grow +3.2% year-over-year Global comparable sales of +0.3%, including +2.7% at TH Canada and +1.8% at INTL Five franchisor segments deliver year-over-year growth in Adjusted Operating Income RBI on track to deliver 8%+ organic Adjusted Operating Income growth for 2024 TORONTO , Nov. 5, 2024 /PRNewswire/ - Restaurant Brands International Inc. ("RBI") (TSX: QSR) (NYSE: QSR) (TSX: QSP) today reported financial results for the third quarter ended September 30, 2024. Josh Kobza, Chief Executive Officer of RBI commented, "Our results demonstrate the resilience of our business and the dedication of our teams and franchisees.
Burger King and Tim Horton's owner Restaurant Brands International (TSX:QSR, NYSE:QSR) saw its shares fall after reporting slower sales growth in the third quarter. Sales of $2.29 billion missed the consensus analyst estimate of $2.31 billion and adjusted earnings per share of US$0.93, while up 4.6% on a year ago, were short of the expected US$0.95.
Get a deeper insight into the potential performance of Restaurant Brands (QSR) for the quarter ended September 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
What type of business is Restaurant Brands International?
Restaurant Brands International Inc. operates as a quick-service restaurant company in Canada, the United States, and internationally. It operates through four segments: Tim Hortons (TH), Burger King (BK), Popeyes Louisiana Kitchen (PLK), and Firehouse Subs (FHS). The company owns and franchises TH chain of donut/coffee/tea restaurants that offer blend coffee, tea, and espresso-based hot and cold specialty drinks; and fresh baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, and other food products. It is also involved in owning and franchising BK, a fast-food hamburger restaurant chain, which offers flame-grilled hamburgers, chicken and other specialty sandwiches, French fries, soft drinks, and other food items; and PLK quick service restaurants that provide Louisiana-style fried chicken, chicken tenders, fried shrimp and other seafood, red beans and rice, and other regional items. In addition, the company owns and franchises FHS quick service restaurants that offer meats and cheese, chopped salads, chili and soups, signature and other sides, soft drinks, and local specialties. The company was founded in 1954 and is headquartered in Toronto, Canada.
What sector is Restaurant Brands International in?
Restaurant Brands International is in the Consumer Cyclical sector
What industry is Restaurant Brands International in?
Restaurant Brands International is in the Restaurants industry
What country is Restaurant Brands International from?
Restaurant Brands International is headquartered in Canada
When did Restaurant Brands International go public?
Restaurant Brands International initial public offering (IPO) was on 11 December 2014
What is Restaurant Brands International website?
https://www.rbi.com
Is Restaurant Brands International in the S&P 500?
No, Restaurant Brands International is not included in the S&P 500 index
Is Restaurant Brands International in the NASDAQ 100?
No, Restaurant Brands International is not included in the NASDAQ 100 index
Is Restaurant Brands International in the Dow Jones?
No, Restaurant Brands International is not included in the Dow Jones index
When was Restaurant Brands International the previous earnings report?
No data
When does Restaurant Brands International earnings report?
The next expected earnings date for Restaurant Brands International is 30 April 2025