Restaurant Brands (QSR) Tops Q2 EPS by 10c, Revenues Beat

Restaurant Brands (NYSE: QSR) reported Q2 EPS of $0.66, $0.10 better than the analyst estimate of $0.56. Revenue for the quarter came in at $1.34 billion versus the consensus estimate of $1.15 billion.

Daniel Schwartz, Chief Executive Officer of Restaurant Brands International Inc. ("RBI") commented, "During the second quarter, we continued to grow each of our three iconic brands, and we made good progress against the 2018 priorities that we outlined last quarter. At Tim Hortons, we have implemented a number of initiatives under our 'Winning Together' plan - including the launch of Breakfast Anytime - which we believe will drive improved comparable sales over the long run. We also delivered strong system-wide sales growth at Burger King and Popeyes, driven by accelerated net restaurant growth. We are very optimistic about the long-term growth potential for each of our brands and remain focused on driving improved guest satisfaction and franchisee profitability."

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

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