Restaurant Brands (QSR) Tops Q3 EPS by 7c, Revenues Beat

Restaurant Brands (NYSE: QSR) reported Q3 EPS of $0.63, $0.07 better than the analyst estimate of $0.56. Revenue for the quarter came in at $1.38 billion versus the consensus estimate of $1.15 billion.

Daniel Schwartz, Chief Executive Officer of Restaurant Brands International Inc. ("RBI") commented, "During the third quarter, together with our franchisees, we continued to improve Tim Hortons comparable sales by executing against our 'Winning Together' plan. We also unveiled our new, modern 'Burger King of Tomorrow' restaurant image and our plans to roll out the image across the U.S. At Popeyes, we continued to accelerate net restaurant growth and signed additional restaurant development agreements, including in the Philippines. We remain confident that our focus on guest satisfaction and franchisee profitability will drive growth at all three of our brands for many years to come."

For earnings history and earnings-related data on Restaurant Brands (QSR) click here.

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