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  • Today

      Show headlines and story abstract
    • 30 minutes ago by Dow Jones
      Companies Mentioned: QSR, QSR

      By Adriano Marchese

      Shares in Restaurant Brands International rose Tuesday morning after reporting better-than-expected adjusted earnings and revenue as Popeyes leads in growth.
    • 46 minutes ago by MT Newswires
      Companies Mentioned: QSR
      09:25 AM EDT, 04/30/2024 (MT Newswires) -- Restaurant Brands International (QSR) reported Q1 adjusted earnings Tuesday of $0.73 per diluted share, down from $0.75 a year earlier. Analysts polled by Capital IQ expected $0.72. Revenue for the quarter ...
    • 2 hours ago by MT Newswires
      Companies Mentioned: QSR
      07:38 AM EDT, 04/30/2024 (MT Newswires) -- Restaurant Brands International (QSR.TO) edged up in U.S. premarket trading after reporting on Tuesday higher first quarter net income and revenue. The fast food company, which has five operating segments,...
    • 3 hours ago by Dow Jones
      Companies Mentioned: QSR, QSR

      By Adriano Marchese

      Restaurant Brands International first-quarter profit rises as revenue beats expectations.

      The Canadian-American fast food holding company, which operates brands like Tim Hortons and Burger King, posted net income $328 million, or 72 cents a share, up from $277 million, or 61 cents a share, in the comparable quarter a year ago.
    • 3 hours ago by Dow Jones
      Companies Mentioned: QSR, QSR

      Restaurant Brands International Inc. (QSR) edged past earnings expectations with its latest results on Tuesday while announcing plans to invest further in Burger King remodels. The company reported first-quarter net income of $328 million, or 72 cents a share, compared with $277 million, or 61 cents a share, in the year-earlier period. On an adjusted basis, Restaurant Brands posted 73 cents a share in earnings, down from 75 cents a share in the year-earlier quarter. The FactSet consensus was for 72 cents a share in adjusted earnings. Total revenue grew to $1.74 billion from $1.59 billion a year before, while analysts were modeling $1.70 billion. Consolidated comparable-store sales rose 4.6% in the first quarter. The company has already been in the process of trying to accelerate Burger King sales growth through investments. On Tuesday, the company announced plans to invest another $300 million in Burger King remodels from 2025 to 2028 such that the chain will be on track to have 85% to 95% of its restaurants representing the "modern image" by 2028. The company's previously announced investment plans called for $250 million toward remodeling and relocation and $150 million toward advertising and digital investments.

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