Restaurant Brands (QSR) Misses Q2 EPS by 1c ; Provides Outlook

Restaurant Brands (NYSE: QSR) reported Q2 EPS of $0.86, $0.01 worse than the analyst estimate of $0.87. Revenue for the quarter came in at $2.08 billion versus the consensus estimate of $2.1 billion.

2024 Guidance
RBI continues to expect consolidated capital expenditures, tenant inducements and incentives (excluding RH) of approximately $300 million.

RBI now expects Adjusted Net Interest Expense, between $565 million and $575 million and Segment G&A (excluding RH) for 2024 between $640 million and $660 million, including share-based compensation and non-cash incentive compensation expense between $170 million and $180 million.

Long-Term Guidance
RBI hosted an investor event on February 15, 2024 and announced the following long-term consolidated performance that the Company continues to expect to achieve, on average, from 2024 to 2028:

3%+ Comparable Sales;
5%+ Net Restaurant Growth;
8%+ System-wide Sales growth; and
Adjusted Operating Income growth at least as fast as system-wide sales growth.

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

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