Zacks Investment Research | Feb 10, 2020 09:04PM ET
Restaurant Brands International, Inc. (NYSE:QSR) reported fourth-quarter 2019 results, with earnings and revenues surpassing the Zacks Consensus Estimate. The top and the bottom line also increased year over year, buoyed by solid organic growth across the business. Following the results, the company’s shares increased 2.7% on Feb 10.
The company’s adjusted earnings came in at 75 cents per share, which beat the Zacks Consensus Estimate of 73 cents and rose 10.3% from the year-ago quarter’s reported figure. Total revenues of $1,479 million beat the consensus mark of $1,461 million by 1.3%. The said figure also increased 6.8% from the year-ago quarter’s figure, courtesy of increased system-wide sales in Burger King and Popeyes.
Notably, the company continues to make progress on its key investment project that includes remodeling programs and digital construction.
Restaurant Brands International Inc. Price, Consensus and EPS Surprise
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