Restaurant Brands (QSR) Tops Q3 EPS by 16c, Revenues Beat, System-Wide Sales Growth of 8.9%

Restaurant Brands (NYSE: QSR) reported Q3 EPS of $0.72, $0.16 better than the analyst estimate of $0.56. Revenue for the quarter came in at $1.46 billion versus the consensus estimate of $1.15 billion.

• RBI announces system-wide sales growth of nearly 9%
• Continued restaurant expansion around the world
• BURGER KING® achieves its highest quarterly comparable sales growth since 2015
• POPEYES® records one of its strongest comparable sales growth results in nearly two decades
• RBI refinances existing $1,250 million 1st Lien Notes due 2022, generating significant interest savings

Jose Cil, Chief Executive Officer of Restaurant Brands International Inc. ("RBI") commented, "During the third quarter, we grew system-wide sales nearly 9% through a combination of strong global comparable sales growth and restaurant expansion. At Burger King, we continue to see exciting growth around the world, with our system-wide sales increasing approximately 15% internationally for the quarter and the successful launch of our Impossible Whopper driving 5% comparable sales growth in the US, our strongest level since 2015. Popeyes had one of its best quarters in nearly two decades, achieving comparable sales growth of more than 10% in the US. At Tim Hortons, although we had a challenging quarter, we remain confident in the pillars of our Winning Together Plan and are excited about the long-term growth prospects of the Tims brand and business in Canada."

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

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