Stock Monitor: Diversified Restaurant Holdings Post Earnings Reporting
LONDON, UK / ACCESSWIRE / March 19, 2018 / Active-Investors.com has just released a free earnings report on Restaurant Brands International Inc. (NYSE: QSR) ("Restaurant Brands"). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=QSR. The Company reported its fourth quarter fiscal 2017 and full fiscal year 2017 operating and financial results on February 12, 2018. The fast-food Company beat earnings estimates. Register today and get access to over 1000 Free Research Reports by joining our site below:
Active-Investors.com is currently working on the research report for Diversified Restaurant Holdings, Inc. (NASDAQ: SAUC), which also belongs to the Services sector as the Company Restaurant Brands Intl. Do not miss out and become a member today for free to access this upcoming report at:
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 our team decided to put out a fantastic report on the company that is now available for free below:
Earnings Highlights and Summary
For the three months ended December 31, 2017, Restaurant Brands' total revenues jumped 11% to $1.23 billion versus $1.11 billion in Q4 2016. The Company's revenue numbers lagged analysts' estimates of $1.30 billion.
For the full year FY17, Restaurant Brands' total revenues were $4.58 billion, up 10% versus $4.15 billion in FY16. The Company's total revenues for the reported quarter and full year grew primarily as a result of the inclusion of the Popeyes Louisiana Kitchen (PLK) segment, acquired in February 2017, as well as system-wide sales growth at both Tim Hortons (TH), and Burger King (BK).
During Q4 2017, Restaurant Brands' comparable sales, in constant currency, were 0.1% at TH, 4.6% at BK, and (1.3)% at PLK. System-wide sales growth, in constant currency were 2.4% at TH, 12.3% at BK, and 6.8% at PLK in the reported quarter.
For Q4 2017, Restaurant Brands' net income attributable to common shareholders was $395.0 million, or $1.59 per diluted share, compared to $118.4 million, or $0.50 per diluted share, in Q4 2016. The Company reported adjusted earnings of $0.66 per diluted share, up 50% versus $0.44 per diluted share in the prior year's comparable period, and ahead of Wall Street's estimates of $0.57 per share.
For FY17, Restaurant Brands' net income attributable to common shareholders totaled $626.1 million, or $2.54 per diluted share, versus $345.6 million, or $1.45 per diluted share, in FY16. The Company's adjusted earnings advanced to $2.10 per share in FY17 versus $1.58 per share in in FY16.
Restaurant Brands' net income for Q4 2017 and FY17 grew primarily as a result of one-time benefits related to the redemption of the Company's preferred shares, and a favorable tax impact resulting from the Tax Cuts and Jobs Act (TCJA), which was enacted on December 22, 2017, and which are excluded from the Company's adjusted net income.
During Q4 2017, Restaurant Brands' TH segment's revenues grew 4% to $821.7 million compared to $793.9 million, primarily as a result of system-wide sales growth and a favorable foreign exchange (FX) impact. The segment's adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) rose 9% to $304.1 million compared to $278.4 million in the prior year's corresponding quarter, primarily driven by a revenue growth, a favorable FX impact, and a drop in the segment's selling, general, and administrative expenses (SG&A).
For Q4 2017, Restaurant Brands' BK segment's revenues advanced 9% to $344.9 million compared to $317.5 million in Q4 2016, as a result of system-wide sales growth rate. The segment's adjusted EBITDA gained 13% to $265.3 million compared to $234.0 million in the year earlier same quarter, primarily as a result of revenue growth and effective cost management.
During Q4 2017, Restaurant Brands' PLK segment's revenues totaled $67.6 million, while its adjusted EBITDA came in at $36.9 million.
Cash and Liquidity
As of December 31, 2017, Restaurant Brands' total debt was $12.3 billion, and net debt (total debt less cash and cash equivalents of $1.1 billion) was $11.2 billion. During the reported quarter, the Company completed the redemption of its preferred shares, and the repurchase of 5 million partnership exchangeable units for approximately $330 million.
Stock Performance Snapshot
March 16, 2018 - At Friday's closing bell, Restaurant Brands International's stock marginally advanced 0.45%, ending the trading session at $57.69.
Volume traded for the day: 1.24 million shares.
Stock performance in the past twelve-month period – up 6.24%
After last Friday's close, Restaurant Brands International's market cap was at $14.07 billion.
Price to Earnings (P/E) ratio was at 22.74.
The stock has a dividend yield of 1.82%.
The stock is part of the Services sector, categorized under the Restaurants industry. This sector was up 0.3% at the end of the session.
Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
A-I has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email firstname.lastname@example.org. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Phone number: 73 29 92 6381
Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.