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April 30, 2021, 9:02 a.m. EDT

Shares of Burger King parent rise after earnings beat

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By Tonya Garcia

Shares of Restaurant Brands International Inc. /zigman2/quotes/202094900/composite QSR +0.76% rose 1.8% in Friday premarket trading after the fast-food company reported earnings that beat expectations. Net income totaled $179.0 million, or 58 cents per share, up from $144.0 million, or 48 cents per share, last year. Adjusted EPS of 55 cents beat the FactSet consensus for 50 cents. Revenue of $1.26 billion was up from $1.23 billion last year and also ahead of the FactSet consensus of $1.25 billion. Comparable sales at Burger King edged up 0.7%, Popeyes Louisiana Kitchen was up 1.5% and Tim Hortons fell 2.3%. Nearly all Restaurant Brands restaurants (95%) in North America and Asia Pacific were open at the end of March 2021, 92% were open in Europe, Middle East and Africa, and 84% were open in Latin America. Restaurant Brands stock has gained nearly 11% for the year to date while the S&P 500 index /zigman2/quotes/210599714/realtime SPX -0.11% was up 12.1% for the period.

/zigman2/quotes/202094900/composite
US : U.S.: NYSE
$ 61.96
+0.47 +0.76%
Volume: 1.84M
Oct. 22, 2021 4:00p
P/E Ratio
28.30
Dividend Yield
3.42%
Market Cap
$19.70 billion
Rev. per Employee
$955,385
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/zigman2/quotes/210599714/realtime
US : S&P US
4,544.90
-4.88 -0.11%
Volume: 1.82B
Oct. 22, 2021 5:04p
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