Free Post Earnings Research Report: Restaurant Brands International’s Quarterly Earnings Advanced 86.11%

Stock Monitor: Dine Brands Global Post Earnings Reporting

LONDON, UK / ACCESSWIRE / May 9, 2018 / If you want access to our free earnings report on Restaurant Brands International Inc. (NYSE: QSR) (RBI), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=QSR. On April 24, 2018, RBI reported financial results for the first quarter of 2018 ending March 31, 2018. The Company adopted the new revenue recognition accounting standard, effective January 1, 2018 and its FY18 financial statements reflected the application of the New Standard, while FY17 financial statements were prepared as per previous accounting standards. The Company surpassed analysts’ consensus estimates for earnings as well as revenue in Q1 FY18. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Restaurant Brands International most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

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Earnings Highlights and Summary

RBI’s total revenues, as per the new standard, reached $1.25 billion for Q1 FY18. However, revenues under the previous accounting standard totaled $1.07 billion in Q1 FY18, reflecting an increase of 7.12% from $1 billion in Q1 FY17 led by continued positive sales momentum at Burger King. The reported revenue number, as per new standard, exceeded analysts’ consensus estimate of $1.13 billion.

In the quarter under review, RBI’s sales declined 0.47% to $547.80 million on a y-o-y basis, while franchise and property revenues jumped 56.82% to $706 million on a y-o-y basis, mainly due to the change in the accounting standard.

RBI incurred total operating costs and expenses of $833.20 million in Q1 FY18, 25.41% higher than $664.40 million in Q1 FY17. In the reported quarter, the Company’s franchise and property expenses fell 5.95% to $104.40 million while selling, general, and administrative (SG&A) expenses rose 147.17% to $301.30 million on a y-o-y basis. RBI’s income from operations advanced 25.10% to $420.60 million in the reported quarter from $336.20 million in the year-ago comparable quarter. The Company’s adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) also increased 12.29% to $497.80 million in Q1 FY18 from $443.30 million in Q1 FY17.

Net income attributable to RBI’s common shareholders for the quarter ending March 31, 2018, was $147.80 million, up 194.42% from $50.2 million in the same period last year. The Company’s diluted earnings per share (DEPS) (as per new standard) were $0.59 in Q1 FY18. However, DEPS, under the previous accounting standard, was $0.60 in Q1 FY18, up 185.71% from $0.21 in Q1 FY17. The reported earnings included franchise agreement authorization, amortization of deferred financing costs and debt issuance discount, Popeye’s transaction costs, corporate restructuring and tax advisory fee, and benefit from equity method investments. RBI’s adjusted DEPS, excluding these non-recurring items, for Q1 FY18 was $0.66 under the new standard. As per the previous standard, the Company had an adjusted DEPS of $0.67, up 86.11% from $0.36 in Q1 FY17. This was also higher than analysts’ consensus estimates of $0.56 per share.

Restaurant Brands International Inc.’s Segment Details

During Q1 FY18, the TIM HORTONS segment’s net revenues were $763.50 million, an increase of 4.08% on a y-o-y basis. This segment had an adjusted EBITDA of $245.20 million in Q1 FY18 compared to $256.20 million in Q1 FY17, reflecting a decrease of 4.29%.

The BURGER KING segment reported revenues of $389.90 million in Q1 FY18, an increment of 46.03% from the prior year’s same quarter. This segment had an adjusted EBITDA of $214.10 million in the quarter under review, up 14.43% from $187.10 million in the previous year’s corresponding quarter.

The Popeye’s Louisiana Kitchen segment generated revenues of $100.40 million in Q1 FY18. This segment had an adjusted EBITDA of $38.50 million in the reported quarter.

Cash Matters

RBI had cash and cash equivalents of $852.40 million as on March 31, 2018, 22.33% lower than $1.10 billion as on December 31, 2017. The Company had a term debt (less current portion) of $11.79 billion as on March 31, 2018, a slight decrease of 0.11% from $11.80 billion as on December 31, 2017.

RBI had a cash outflow of $111 million from operating activities in Q1 FY18 compared to the cash inflow of $288.90 million in Q1 FY17.

RBI spent $96.90 million on payment of dividends on common and preferred shares and distributions on partnership exchangeable units in Q1 FY18, 33.58% lower than $145.90 million in Q1 FY17.

Outlook

On April 24, 2018, RBI’s Board of Directors declared a dividend of $0.45 per common share and partnership exchangeable unit of Restaurant Brands International Limited Partnership for Q2 FY18. The dividend will be payable on July 03, 2018, to shareholders and unitholders of record as on May 15, 2018.

Stock Performance Snapshot

May 8, 2018 – At Tuesday’s closing bell, Restaurant Brands International’s stock climbed 1.76%, ending the trading session at $55.48.

Volume traded for the day: 1.37 million shares.

After yesterday’s close, Restaurant Brands International’s market cap was at $13.82 billion.

Price to Earnings (P/E) ratio was at 21.87.

The stock has a dividend yield of 3.24%.

The stock is part of the Services sector, categorized under the Restaurants industry.

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