Free Research Report as Restaurant Brands’ Quarterly Revenue Jumped 12.08% and Adjusted EPS Soared 34.88%
Stock Monitor: The ONE Group Hospitality Post Earnings Reporting
LONDON, UK / ACCESSWIRE / November 29, 2017 / Active-Investors free earnings report on Restaurant Brands International Inc. (NYSE: QSR) (“Restaurant Brands”) has freshly been issued to its members, and you can also sign up to view this report at www.active-investors.com/registration-sg/?symbol=QSR. The Company reported its third quarter fiscal 2017 operating results on October 26, 2017. Headquartered in Miami, Florida, the Company surpassed top- and bottom-line expectations. Register today and get free access to our complimentary member’s area where many more reports are available:
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Active-Investors.com is currently working on the research report for The ONE Group Hospitality, Inc. (NASDAQ: STKS), which also belongs to the Services sector as the Company Restaurant Brands. Do not miss out and become a member today for free to access this upcoming report at:
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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 we have decided to include it on our blog post. Today’s free coverage is available at:
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Earnings Highlights and Summary
For the quarter ended September 30, 2017, Restaurant Brands reported total revenues of $1.21 billion, up 12.08% versus $1.08 billion in Q3 2016, primarily as a result of the inclusion of its Popeyes Louisiana Kitchen (PLK) segment, as well as system-wide sales growths at both Tim Hortons (TH) and Burger King (BK). Restaurant Brands’ revenue numbers topped analysts’ estimates of $1.19 billion.
During Q3 2017, Restaurant Brands’ comparable sales, on a constant currency basis, grew 0.3% at TH, and 3.6% at BK, while it declined 1.8% at PLK. The Company’s system-wide sales growth, on a constant currency basis, was 3.0% at TH, 11.2% at BK, and 4.5% at PLK.
For Q3 2017, Restaurant Brands’ adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) were $565.1 million, up 7.6% on an organic basis versus the prior year’s same quarter combined results (including PLK), driven by increased revenues.
For the reported quarter, Restaurant Brands’ net income attributable to common shareholders was $91.4 million, or $0.37 per diluted share, compared to $86.3 million, or $0.36 per diluted share, in Q3 2016, driven by the inclusion of the PLK segment and growth in TH and BK segments’ income, offset primarily by an increase in loss on early extinguishment of debt, due to the early partial redemption of its 6% second lien notes.
Restaurant Brands’ adjusted earnings came in at $0.58 per diluted share for the reported quarter versus $0.43 in the prior year’s same period. The Company’s earnings beat Wall Street’s estimates of $0.48 per share.
Segment Results
During Q3 2017, TH segment’s system-wide sales growth was primarily driven by a net restaurant growth of 4.2%. The segment’s comparable sales of 0.3% was primarily driven by Canada’s comparable sales of 0.6%.
For Q3 2017, TH division’s total revenues grew 4.7% to $827 million on a y-o-y basis, or 1.0% excluding the impact of FX movements. The segment’s adjusted EBITDA grew 2.5% to $294.4 million for the reported quarter compared to $287.1 million in the prior year’s corresponding period, primarily as a result of an increase in total revenues, including a favorable impact of FX movements.
For Q3 2017, Restaurant Brands’ BK division’s system-wide sales growth was attributed to a net restaurant growth of 6.6% and comparable sales of 3.6%, which was primarily driven by US’ comparable sales of 4.0%.
During Q3 2017, BK segment’s revenues advanced 9.7% to $313.6 million compared to $285.8 million in Q3 2016, reflecting a growth in system-wide sales. The segment’s adjusted EBITDA surged 15.9% to $233.9 million on a y-o-y basis for the reported quarter.
Cash and Liquidity
As of September 30, 2017, Restaurant Brands’ total debt was $11.8 billion. On October 25, 2017, Restaurant Brands’ Board of Directors declared a dividend of $0.21 per common share and Class B exchangeable limited partnership unit of Restaurant Brands International Limited Partnership for Q4 2017. The dividend will be payable on January 03, 2018, to shareholders and unitholders of record at the close of business on December 15, 2017.
Stock Performance Snapshot
November 28, 2017 – At Tuesday’s closing bell, Restaurant Brands International’s stock was marginally up 0.14%, ending the trading session at $65.99.
Volume traded for the day: 915.19 thousand shares.
Stock performance in the last month – up 1.29%; previous three-month period – up 8.66%; past twelve-month period – up 38.46%; and year-to-date – up 38.46%
After yesterday’s close, Restaurant Brands International’s market cap was at $15.94 billion.
Price to Earnings (P/E) ratio was at 46.18.
The stock has a dividend yield of 1.27%.
The stock is part of the Services sector, categorized under the Restaurants industry. This sector was up 0.9% at the end of the session.
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