Restaurant Brands (QSR) Tops Q3 EPS by 12c, Revenues Beat
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Go back to Restaurant Brands (QSR) Tops Q3 EPS by 12c, Revenues Beat
October 28, 2020 7:08 AM EDT
BMO Capital analyst Peter Sklar reiterated an Outperform rating and $65.00 price target on Restaurant Brands International (NYSE: QSR) following the company's 3Q earnings report. Restaurant Brands reported an adjusted EPS beat of $0.68 vs. a consensus of $0.63. The earnings beat was due to reported... More
October 26, 2020 3:13 PM EDT
By Nivedita Balu
(Reuters) - U.S. restaurant chains including Starbucks Corp (NASDAQ: SBUX) and Taco Bell parent Yum Brands Inc (NYSE: YUM) could show a sales recovery as consumers resume normal activities, but higher wages, commodity and COVID-19-related costs will likely weigh on earnings.
The sector, one of the worst hit by the pandemic, is still operating with limited sit-down options in some places but has begun recovering from lows in... More
