Restaurant Brands (QSR) Tops Q1 EPS by 8c

Restaurant Brands (NYSE: QSR) reported Q1 EPS of $0.30, $0.08 better than the analyst estimate of $0.22. Revenue for the quarter came in at $918.5 million versus the consensus estimate of $931.04 million.

Daniel Schwartz, Chief Executive Officer of Restaurant Brands International Inc. ("RBI") commented, "Building on last year's performance, we generated strong results at both of our iconic brands, TIM HORTONS® and BURGER KING®, during the first quarter of 2016. Innovative product launches and continued expansion of our global footprint drove favorable comparable sales and system-wide sales growth for the quarter. We believe our focused approach on delivering a great guest experience and growing franchisee profitability will support long-term, sustainable value for our guests, franchisees, employees and shareholders."

First Quarter 2016 Highlights:

• Tim Hortons ("TH") comparable sales increased 5.6% and Burger King ("BK") comparable sales increased 4.6% in constant currency
• Delivered 25 net restaurant growth ("NRG") at TH and 5 NRG at BK
• System-wide sales grew 7.9% at TH and 10.0% at BK in constant currency
• RBI Adjusted EBITDA was up 22.9% on an organic basis to $407.8 million
• RBI Adjusted Diluted EPS was up 95.6% to $0.30 per share versus prior year results
• RBI declared a dividend of $0.15 per common share and partnership exchangeable unit of Restaurant Brands International Limited Partnership for the second quarter of 2016

For earnings history and earnings-related data on Restaurant Brands (QSR) click here.

You May Also Be Interested In

• Nanometrics (NANO) Issues Business Update, Reports FY23 Results
• O'Reilly Automotive (ORLY) Misses Q1 EPS by 7c, Offers Guidance
• First Bancorp. (FBNC) Misses Q1 EPS by 2c