Bulletin
Investor Alert

Market Pulse Archives

Oct. 25, 2021, 6:47 a.m. EDT

Restaurant Brands stock gains after profit beats expectations, while revenue came up shy

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Restaurant Brands International Inc. (QSR)
  • X
    S&P 500 Index (SPX)

or Cancel Already have a watchlist? Log In

By Tomi Kilgore

Shares of Restaurant Brands International Inc. /zigman2/quotes/202094900/composite QSR -1.23% edged up 0.2% in premarket trading Monday, after the Burger King, Popeyes and Tim Hortons restaurant chains parent beat profit expectations but came up a bit shy on revenue, as COVID-19 contributed to supply chain and labor challenges. Net income rose to $221 million, or 70 cents a share, from $145 million, or 47 cents a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share came to 76 cents, above the FactSet consensus of 74 cents. Total revenue grew 11.8% to $1.495 billion, below the FactSet consensus of $1.522 billion, while cost of sales rose 17.2% to $490 million. Same-store sales for Burger King rose 7.9%, for Popeyes fell 2.4% and for Tim Hortons increased 8.9%. The stock has shed 6.0% over the past three months through Friday while the S&P 500 /zigman2/quotes/210599714/realtime SPX -2.27% has gained 3.0%.

/zigman2/quotes/202094900/composite
US : U.S.: NYSE
$ 57.99
-0.72 -1.23%
Volume: 905,042
Nov. 26, 2021 1:10p
P/E Ratio
23.96
Dividend Yield
3.66%
Market Cap
$18.48 billion
Rev. per Employee
$955,385
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
4,594.62
-106.84 -2.27%
Volume: 2.10B
Nov. 26, 2021 2:12p
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.