QSR Stock Recent News

The burger chain, like others in the food and dining industry, reported a sales slump as cost-conscious customers have slowed down on spending.

Tim Hortons (TSX:THI)' parent company Restaurant Brands International (TSX:QSR, NYSE:QSR) posted better-than-expected financial results for the second quarter, boosted by the Canadian coffee chain's strong performance. Restaurant Brands – whose other franchises are Burger King, Popeyes Louisiana Kitchen (NASDAQ:PLKI) and Firehouse Subs – posted adjusted earnings per share (EPS) of $0.86, ahead of estimates of $0.85.

Restaurant Brands International Inc. (NYSE:QSR ) Q2 2024 Earnings Conference Call August 8, 2024 8:30 AM ET Company Participants Kendall Peck - Head of IR Joshua Kobza - CEO Sami Siddiqui - CFO Patrick Doyle - Executive Chairman Conference Call Participants Brian Bittner - Oppenheimer & Co David Palmer - Evercore ISI John Ivankoe - JPMorgan Lauren Silberman - Deutsche Bank Dennis Geiger - UBS Andrew Charles - TD Cowen Danilo Gargiulo - AB Bernstein Katherine Griffin - Bank of America Pratik Patel - Barclays Jon Tower - Citi Gregory Francfort - Guggenheim Christine Cho - Goldman Sachs Operator Good morning and welcome to the Restaurant Brands International Second Quarter 2024 Earnings Conference Call. All participants will be in listen-only mode.

While the top- and bottom-line numbers for Restaurant Brands (QSR) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Restaurant Brands International, the parent company of Burger King, says it's extending the $5 meal until October. CEO Josh Kobza says the meal deals are actually helping the entire fast food sector.

Burger King and Popeyes parent Restaurant Brands International (QSR) posted second-quarter earnings that topped analysts' expectations, despite slowing comparable sales growth.

Restaurant Brands (QSR) came out with quarterly earnings of $0.86 per share, beating the Zacks Consensus Estimate of $0.85 per share. This compares to earnings of $0.85 per share a year ago.

Restaurant Brands International's quarterly revenue was better than expected. Canadian coffee chain Tim Hortons was the restaurant company's strongest performer during the quarter.

Consolidated system-wide sales grow +5.0% year-over-yearGlobal comparable sales of +1.9% driven by +4.9% at TH Canada and +2.6% at INTL and stable results at BK USSystem-wide sales growth and cost discipline drive strong year-over-year growth in consolidated profitabilityFive franchisor segments deliver year-over-year growth in Adjusted Operating Income RBI closes strategic transactions during the quarter that strengthen long-term positioning in the US and  China TORONTO , Aug. 8, 2024 /PRNewswire/ - Restaurant Brands International Inc. ("RBI") (TSX: QSR) (NYSE: QSR) (TSX: QSP) today reported financial results for the second quarter ended June 30, 2024. Josh Kobza, Chief Executive Officer of RBI commented, "I am proud of our teams and franchisees who are delivering compelling value to guests every day through excellent food and beverages, outstanding service and improved convenience.

Restaurant Brands International is one of the largest fast-food restaurant chains in the world that operates Burger King, Tim Hortons, Popeyes, and, since late 2021, Firehouse Subs. The company is scheduled to report its fiscal second-quarter results on Thursday, August 8.