Restaurant Brands (QSR) Tops Q2 EPS by 6c, Slight Miss on Revenues
Restaurant Brands (NYSE: QSR) reported Q2 EPS of $0.51, $0.06 better than the analyst estimate of $0.45. Revenue for the quarter came in at $1.13 billion versus the consensus estimate of $1.14 billion.
Second Quarter 2017 Highlights:
- Total Revenues of $1,132.7 million versus $1,040.2 million in prior year period
- Net Income Attributable to Common Shareholders of $89.5 million versus $90.9 million in prior year period
- Diluted EPS of $0.37 versus $0.38 in prior year period
- Comparable sales growth, in constant currency, of (0.8)% at Tim Hortons ("TH"), 3.9% at Burger King ("BK"), and (2.7)% at Popeyes Louisiana Kitchen ("PLK")
- System-wide sales growth, in constant currency, of 2.6% at TH, 10.6% at BK, and 3.3% at PLK
- Adjusted EBITDA of $531.1 million was up 8.8% on an organic basis versus prior year combined results (including Popeyes)
- Adjusted Diluted EPS of $0.51 versus $0.41 in prior year period
- RBI declared dividends of $0.20 per common share and partnership exchangeable unit of Restaurant Brands International Limited Partnership for the third quarter of 2017
For earnings history and earnings-related data on Restaurant Brands (QSR) click here.
