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
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.
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