Restaurant Brands International Inc. Reports Second Quarter 2016 Results

RBC Capital Remains Bullish on Restaurant Brands (QSR) Following 2Q Beat and Raise

RBC Capital reiterated an Outperform rating and $49.00 price target on Restaurant Brands International (NYSE: QSR) following the company's 2Q earnings report. QSR reported on EPS beat of $0.41 vs. consensus estimates of $0.35. Management raised 2016 and 2017 EPS estimates from $1.42 and $1.65 to $1.49 and $1.71, respectively, to account for... More

Restaurant Brands (QSR) Announces $300M Stock Buyback Plan

Restaurant Brands International Inc. (NYSE: QSR) announced today that its Board of Directors has approved a share repurchase authorization pursuant to which RBI may purchase up to US$300 million of its common shares over the next 5 years. Repurchases under the Repurchase Authorization will be made in the open market or through privately negotiated transactions, in each case in accordance with applicable securities laws.

Pursuant to the Repurchase Authorization, RBI has filed, and the Toronto Stock Exchange (the "TSX") has accepted, notice of RBI's intention to commence a normal course issuer bid (the... More

Restaurant Brands (QSR) Declares $0.16 Quarterly Dividend; 1.4% Yield

Restaurant Brands (NYSE: QSR) declared a quarterly dividend of $0.16 per share, or $0.64 annualized.

The dividend will be payable on October 4, 2016, to stockholders of record on September 6, 2016, with an ex-dividend date of September 1, 2016.

The annual yield on the dividend is 1.4 percent.

For a... More

Restaurant Brands (QSR) Tops Q2 EPS by 3c

Restaurant Brands (NYSE: QSR) reported Q2 EPS of $0.38, $0.03 better than the analyst estimate of $0.35. Revenue for the quarter came in at $1.04 billion versus the consensus estimate of $1.05 billion.

Daniel Schwartz, Chief Executive Officer of Restaurant Brands International Inc. ("RBI") commented, "We ended the second quarter with solid system-wide sales... More