Burger King Shines As Restaurant Brands Int'l Earnings Beat The Street
Total costs at Restaurant Brands fell about 16 per cent to US$619.8 million, while comparable sales at Tim Hortons rose 0.2 per cent in the quarter.
The full-year profit, reported in USA currency, was up from $103.9 million or 50 cents per share in 2015 and fourth-quarter net income was up from $51.7 million or 25 cents per share. Restaurant Brands International has a 52 week low of $30.69 and a 52 week high of $54.30. The Company operates through two segments: TH, which includes all operations of its Tim Hortons brand and BK, which includes all operations of its Burger King brand.
The current consensus rating on Restaurant Brands International (NYSE:QSR) is Hold (Score: 2.45) with a consensus target price of $47.50 per share, a potential 11.71% downside. The Company operates more than 18000 restaurants operating in 100 countries under its two distinct brands. Royal Bank of Canada boosted its stake in shares of Restaurant Brands International by 22.6% in the second quarter. Tim Hortons restaurants are quick service restaurants with a menu that includes premium blend coffee, tea, espresso-based hot and cold specialty drinks, fresh baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps and soups, among others.
What's next for Restaurant Brands?
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For Tim Hortons, the theme of the past few quarters has been expansion, and that is likely to continue over the next year. As of September 28 2014 Tim Hortons had 4590 system wide restaurants including 3665 in Canada 869 in the United States and 56 in the Gulf Cooperation Council. Last year, Restaurant Brands signed development agreements in both Indianapolis and Minneapolis. BURGER KING is a fast food hamburger chain. Burger King also showed strong growth in the past year with the company reaching 650 outlets in China, and strong demand in India and Korea as well. The correct version of this article can be accessed at https://baseballnewssource.com/markets/oppenheimer-holdings-brokers-lift-earnings-estimates-for-restaurant-brands-international-inc-qsr/431770.html. While Restaurant Brands has impressively become a profitable and efficient company, that debt, which is shrinking, still looms over the company. This is a positive change from Restaurant Brands International's previous quarterly dividend of $0.17.
Fool contributor Demetris Afxentiou has no position in any stocks mentioned. (TSX:QSR)(NYSE:QSR) announced fourth-quarter earnings and year-end results for fiscal 2016 this morning, and the company, once again, impressed.
Restaurant Brands International Inc. The Motley Fool owns shares of RESTAURANT BRANDS INTERNATIONAL INC.
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Feb 14 2017