U.S. markets close in 1 hour 6 minutes

Recap: Restaurant Brands Q1 Earnings

Benzinga Insights

Shares of Restaurant Brands Intl (NYSE:QSR) fell 0.6% in pre-market trading after the company reported Q1 results.

Earnings per share fell 12.73% year over year to $0.48, which missed the estimate of $0.56.

Revenue of $1,225,000,000 lower by 3.24% year over year, which beat the estimate of $1,150,000,000.

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Date: May 01, 2020

View more earnings on QSR

Webcast URL: https://78449.choruscall.com/dataconf/productusers/qsr/mediaframe/37240/indexr.html

Company's 52-week high was at $79.46

Company's 52-week low was at $25.08

Price action over last quarter: down 26.37%

The consolidation of Burger King, Tim Hortons, and Popeyes Louisiana Kitchen as Restaurant Brands International creates the third- largest global quick-service restaurant chain, with $34 billion in pro forma system sales generated in 2019 and almost 27,100 units (99% franchised) as of December 2019. Revenue comes largely from franchise royalties and distribution sales to franchisees. Worldwide, there are 18,800 Burger King locations, more than 4,900 Tim Hortons locations, and 3,300 Popeyes locations.

See more from Benzinga


© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.