Restaurant Brands (QSR) Tops Q3 EPS by 9c

Restaurant Brands (NYSE: QSR) reported Q3 EPS of $0.58, $0.09 better than the analyst estimate of $0.49. Revenue for the quarter came in at $1.21 billion versus the consensus estimate of $1.21 billion.

Third Quarter 2017 Highlights:

• Total Revenues of $1,208.6 million versus $1,075.7 million in prior year period
• Net Income Attributable to Common Shareholders of $91.4 million versus $86.3 million in prior year period
• Diluted EPS of $0.37 versus $0.36 in prior year period
• Comparable sales, in constant currency, of 0.3% at Tim Hortons ("TH"), 3.6% at Burger King ("BK"), and (1.8)% at Popeyes Louisiana Kitchen ("PLK")
• System-wide sales growth, in constant currency, of 3.0% at TH, 11.2% at BK, and 4.5% at PLK
• Adjusted EBITDA of $565.1 million was up 7.6% on an organic basis versus prior year combined results (including Popeyes)
• Adjusted Diluted EPS of $0.58 versus $0.43 in prior year period
• RBI declared dividends of $0.21 per common share and partnership exchangeable unit of Restaurant Brands International Limited Partnership for the fourth quarter of 2017

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

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