Restaurant Brands (QSR) Offers Selected FY16 Guidance
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Restaurant Brands International Inc. (NYSE: QSR) will release its full year and fourth quarter 2016 financial results on Monday, February 13, 2017 and will host an investor conference call that morning at 8:30 a.m. Eastern Time.
The earnings call will be webcast on the company's investor relations website http://investor.rbi.com and a replay will be available for 30 days following the release. Investors may also access the conference call via the following dial-in numbers: (877) 317-6711 for U.S. callers, (866) 450-4696 for Canadian callers, and (412) 317-5475 for callers from other countries.
In connection with a presentation RBI is providing its lenders regarding a potential amendment and extension of its Term Loan B Facility, RBI is also providing selected full year 2016 guidance as follows:
- RBI Total Revenues of $4,135 – $4,150 million
- RBI Net Income of $950 – $960 million
- RBI Adjusted EBITDA of $1,880 – $1,890 million
- RBI Capital Expenditures of approximately $34 million
- Full year Comparable Sales Growth of 2.5% and 2.3% for TIM HORTONS® and BURGER KING®, respectively
- Full year System Net Restaurant Growth of 200 and 735 for TIM HORTONS® and BURGER KING®, respectively
- Term Loan B Facility as at December 31, 2016 of $5,046 million
- Total Debt as at December 31, 2016 of $8,910 million
- Cash and Cash Equivalents as at December 31, 2016 of $1,460 million
(Street FY revenue of $4.14B)
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