Restaurant Brands Q3 Earnings & Revenues Miss Estimates, Rise Y/Y
Restaurant Brands International, Inc. QSR reported third-quarter 2024 results with earnings and revenues missing the Zacks Consensus Estimate. The top and bottom lines increased on a year-over-year basis.
Restaurant Brands: EPS Misses Estimates
Restaurant Brands International reported mixed third-quarter results with a slight revenue miss but robust international growth.
Restaurant Brands Analysts Trim Forecasts After Q3 Sales Miss
Shares of Restaurant Brands slid after the company reported downbeat Q3. Analysts cut price targets but see potential for earnings support next year.
Restaurant Brands' sales miss expectations, comparable sales soften
Looking ahead to 2024, QSR continues to expect adjusted interest expense between $565M and $575M and consolidated capital expenditures of ~$300M. SG&A, including the new segment, is expected to range between $640M to $650M, including share-based compensation and non-cash incentive compensation expense between $170M and $175M.
Burger King parent Restaurant Brands misses sales estimates on muted demand
Restaurant Brands missed estimates for quarterly revenue on Tuesday due to weak demand across key businesses such as Tim Hortons, Burger King and international markets including China and the Middle East.
Tim Hortons parent Restaurant Brands misses analysts’ estimates as demand slows
Net earnings fell slightly to US$357-million in the third quarter while revenue grew to US$2.29-billion, but both fell short of consensus
Restaurant Brands’ Sales Miss on Burger King, Popeyes Slump
Restaurant Brands International Inc., the owner of Burger King and Tim Hortons, posted sales that grew slower than expected in the third quarter, highlighting many chains’ struggle to attract diners grappling with elevated costs.
Burger King parent Restaurant Brands falls short of third-quarter revenue expectations
Net sales climbed 24.7%, largely thanks to the company’s acquisitions of its largest U.S. Burger King franchisee and its Popeyes business in China.
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Restaurant Brands International Shares Fall on Downgraded 2024 Targets, 3Q Misses
Restaurant Brands International shares fell Tuesday morning after the company said it expects lower sales growth after its main brands logged lower growth and declining sales, missing targets. Shares ...
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Strategic Initiatives and Market Positioning Drive Positive Outlook for Restaurant Brands International
Andrew Charles, an analyst from TD Cowen, maintained the Buy rating on Restaurant Brands International (QSR – Research Report). The associated price target was lowered to $80.00. Andrew Charles’s ...