BurgerKing News & Analysis
2 articles
Market Mood
Restaurant Brands International Q2 Earnings Beat Expectations
Restaurant Brands International reported Q2 earnings with adjusted earnings per share of $1.07, exceeding expectations of $1.03. Revenue reached $2.52 billion, which met analyst predictions. The company's net income rose to $507 million, or $1.45 per share, compared to $189 million, or 57 cents per share a year earlier. Burger King's U.S. same-store sales climbed 8.5%, showing a strong performance compared to rival McDonald's 0.8% growth. This growth reflects the success of their marketing and renovations, which could indicate a positive trend for investors in Restaurant Brands (QSR).
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Restaurant Brands (Q1) earnings beat expectations with $2.26B revenue
Restaurant Brands International (QSR) reported Q1 earnings of $338 million, or 97 cents per share, up from $159 million, or 49 cents per share, a year earlier. Adjusted earnings per share (EPS) were 86 cents, beating expectations of 82 cents, while revenue reached $2.26 billion, exceeding the forecast of $2.24 billion. Same-store sales increased 3.2%, driven by 5.8% growth at Burger King, surpassing estimates of 3.5%. However, challenges such as high beef costs and competitive pressures at Popeyes, which saw a 6.5% decline in same-store sales, were noted as potential risks for the company.
Read More: Restaurant Brands (Q1) earnings beat expectations with $2.26B revenue