Restaurant Brands International (NYSE:QSR) Announces Earnings Results, Beats Expectations By $0.03 EPS

Restaurant Brands International (NYSE:QSR) (TSE:QSR) released its earnings results on Thursday. The restaurant operator reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03, Briefing.com reports. Restaurant Brands International had a return on equity of 32.43% and a net margin of 9.95%.The company had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same period in the previous year, the business posted $0.81 EPS. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year.

Here are the key takeaways from Restaurant Brands International’s conference call:

• For 2025 RBI reported strong results with 8.3% organic adjusted operating income growth and 10.7% adjusted EPS growth, the third consecutive year of roughly 8% AOI growth.
• The international segment was a standout (Q4 comps +6.1%, system-wide sales ~+11% FY), and RBI closed a joint venture with CPE for Burger King China with a $350 million capital injection and a plan to roughly double the footprint to ~2,500 units by 2030.
• Burger King U.S. showed operational momentum—successful marketing (e.g., SpongeBob activation), retention of new guests, Modern Image up to 58%, and refranchising that started ahead of schedule, supporting long-term unit and margin improvement.
• Elevated commodity costs, notably >20% beef inflation in 2025, pressured Burger King franchisee profitability (avg. ~$185k vs ~$205k in 2024), a near-term headwind to unit economics and margins.
• Popeyes underperformed in 2025 (comparable sales down ~3.2% and franchisee EBITDA ≈ $235k), prompting a leadership reset and intensified field operations/coaching to restore restaurant-level execution.

Restaurant Brands International Trading Down 6.1%

QSR stock traded down $4.31 during trading on Thursday, hitting $66.39. 7,517,415 shares of the company traded hands, compared to its average volume of 2,934,006. The firm has a market capitalization of $22.99 billion, a PE ratio of 23.66, a P/E/G ratio of 2.54 and a beta of 0.58. Restaurant Brands International has a 1 year low of $58.71 and a 1 year high of $73.70. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.98 and a current ratio of 1.06. The company has a 50-day moving average of $69.25 and a 200-day moving average of $67.47.

Insider Activity at Restaurant Brands International

In other news, insider Jill Granat sold 1,925 shares of Restaurant Brands International stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $67.44, for a total value of $129,822.00. Following the sale, the insider directly owned 458,280 shares in the company, valued at approximately $30,906,403.20. This trade represents a 0.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Joshua Kobza sold 3,443 shares of the firm’s stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $67.44, for a total value of $232,195.92. Following the completion of the sale, the chief executive officer directly owned 952,620 shares of the company’s stock, valued at $64,244,692.80. The trade was a 0.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 145,508 shares of company stock worth $10,233,040 over the last ninety days. Insiders own 1.25% of the company’s stock.

Hedge Funds Weigh In On Restaurant Brands International

Institutional investors have recently bought and sold shares of the stock. Baupost Group LLC MA grew its holdings in shares of Restaurant Brands International by 103.8% during the 3rd quarter. Baupost Group LLC MA now owns 8,252,862 shares of the restaurant operator’s stock worth $529,337,000 after acquiring an additional 4,203,300 shares during the period. State Street Corp boosted its holdings in Restaurant Brands International by 9,477.4% in the second quarter. State Street Corp now owns 2,997,344 shares of the restaurant operator’s stock worth $198,711,000 after acquiring an additional 2,966,048 shares in the last quarter. Canada Pension Plan Investment Board raised its position in shares of Restaurant Brands International by 56.4% in the 2nd quarter. Canada Pension Plan Investment Board now owns 2,855,081 shares of the restaurant operator’s stock worth $189,510,000 after purchasing an additional 1,029,500 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Restaurant Brands International by 62.2% during the second quarter. Bank of America Corp DE now owns 2,339,967 shares of the restaurant operator’s stock valued at $155,116,000 after buying an additional 897,742 shares during the last quarter. Finally, Duquesne Family Office LLC purchased a new position in shares of Restaurant Brands International in the second quarter worth $49,784,000. 82.29% of the stock is owned by institutional investors.

Key Headlines Impacting Restaurant Brands International

Here are the key news stories impacting Restaurant Brands International this week:

• Positive Sentiment: Q4 EPS and revenue beat expectations, with EPS of $0.96 vs. consensus $0.93 and revenue above estimates — a clear near-term earnings beat. Restaurant Brands (QSR) Beats Q4 Earnings and Revenue Estimates
• Positive Sentiment: Company-wide comparable sales rose 3.1% in Q4, driven by strong international Burger King performance and positive results at Tim Hortons — evidence of resilient demand in key markets. Burger King owner Restaurant Brands beats fourth-quarter sales estimates
• Positive Sentiment: RBI met its 2025 targets for organic adjusted operating income growth and net leverage, and returned roughly $1.1 billion to shareholders — signals of disciplined capital allocation. Restaurant Brands International Inc. Reports Fourth Quarter and Full Year 2025 Results
• Neutral Sentiment: Analyst/metrics write-ups provide detail on same-store sales, margins and other KPIs for investors assessing sustainability of growth — useful context but not market-moving on its own. Compared to Estimates, Restaurant Brands (QSR) Q4 Earnings: A Look at Key Metrics
• Neutral Sentiment: Company webcast and press release are available for details and management commentary — listen for guidance or margin drivers that could change the near-term outlook. Restaurant Brands Q4 Press Release / Webcast
• Negative Sentiment: Profit declined despite revenue growth — headlines highlight a slide in net income/margins, which likely tempered investor enthusiasm despite top-line strength. Restaurant Brands International Profit Slides Despite Revenue Growth (WSJ)
• Negative Sentiment: Market reaction suggests investors were underwhelmed by the beat (small EPS beat, modest revenue upside) and are focusing on profitability and margin trends rather than growth metrics. Tim Hortons Boosts Restaurant Brands Growth but Investors Are Not Impressed
• Negative Sentiment: Leverage remains elevated (debt-to-equity ~2.65) which can amplify concerns when margins slip; that structural risk likely weighed on the stock in a risk-off reaction.

Analyst Ratings Changes

Several brokerages have issued reports on QSR. Sanford C. Bernstein restated an “overweight” rating and issued a $86.00 target price on shares of Restaurant Brands International in a research note on Wednesday, January 7th. Morgan Stanley set a $77.00 price objective on shares of Restaurant Brands International in a research report on Tuesday, October 21st. Citigroup dropped their price target on Restaurant Brands International from $74.00 to $72.00 and set a “neutral” rating for the company in a research report on Tuesday, February 3rd. Oppenheimer reiterated an “outperform” rating and set a $80.00 target price on shares of Restaurant Brands International in a research report on Tuesday, November 25th. Finally, Robert W. Baird upped their target price on shares of Restaurant Brands International from $68.00 to $72.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Eleven research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $76.95.

About Restaurant Brands International

Restaurant Brands International Inc (NYSE: QSR) is a global quick-service restaurant company formed through the combination of established brands. The company’s principal holdings include Burger King, Tim Hortons and Popeyes, each of which operates under its own brand identity and menu. Restaurant Brands International’s business is centered on developing and expanding these franchised restaurant systems, supporting franchisees with brand management, supply chain coordination, and marketing programs.

RBI’s restaurants offer a range of quick-service food and beverage products: Burger King is known for its flame-grilled hamburgers and sandwiches, Tim Hortons for coffee, baked goods and breakfast items, and Popeyes for Louisiana-style fried chicken and seafood.