Its Burger King (BK) and Tim Hortons (TH) brands have similar franchised business models. Our continued focus on guest satisfaction and value creation for all of our stakeholders has resulted in accelerated restaurant development and continued system-wide sales growth at both of our iconic brands, TIM HORTONS® and BURGER KING®.
For the full year, profit for Restaurant Brands came in impressively 233% higher than the US$103.9 million, or $0.50 per share, reported last year. Buy rating has been given by 1 analysts to the company stock whereas no analyst given UNDERPERFORM rating to stock and 6 analysts given HOLD rating.
Restaurant Brands International Inc (QSR) declared that a higher-than-expected quarterly profit as comparable sales at its burger chain topped estimates and costs fell. The consensus recommendation by Thomson Reuters analysts is Outperform and their mean rating for the stock is 2.33 on scale of 1-5. The Company operates approximately 19,000 restaurants in over 100 countries and the United States territories. Analysts expect that Restaurant Brands International will post $1.75 EPS for the current year. Huntington National Bank boosted its stake in Restaurant Brands International by 46,600.0% in the second quarter. Restaurant Brands has also been considering the acquisition of other companies, one of the people added.
At the movement Restaurant Brands International Inc. Tim Hortons operates restaurant chains in North America and Canada.
That expansion is not limited to the global market either; Tim Hortons's US locations are now situated in border states, but a broader expansion is starting to take shape.
Popeyes, whose fans include pop singer Beyoncé, began 45 years ago as a Southern-fried "Chicken on the Run" restaurant in a New Orleans suburb.
The approach to expansion that Tim Hortons has adopted mirrors what Burger King has used and been very successful with.
In the last three months of 2016, the company opened 495 Burger King locations globally, ending the year with 15,738 stores.
Burger King's purchase of Belgian Quick restaurants will ultimately result in additional locations added to its network; the first restaurants in France were converted a year ago. Popeyes declined to comment, while Restaurant Brands did not immediately respond to a request for comment. While Restaurant Brands has impressively become a profitable and efficient company, that debt, which is shrinking, still looms over the company.
"I think investors will be sort of surprised and dismayed by the shift around", Dennis Mitchell, senior vice president and senior portfolio manager of Sprott Asset Management, told BNN Monday when discussing Restaurant Brand International's same-store sales. The ex-dividend date is Wednesday, March 1st.
Fool contributor Demetris Afxentiou has no position in any stocks mentioned. Meanwhile, QSR's earnings have been strong over the past few quarters. Restaurant Brands International had a return on equity of 21.52% and a net margin of 13.22%.
On Sep 16 Restaurant Brands International Inc.