Restaurant Brands International (NYSE:QSR) Announces Earnings Results

Restaurant Brands International (NYSE:QSR) (TSE:QSR) issued its quarterly earnings results on Thursday. The restaurant operator reported $1.10 EPS for the quarter, topping the consensus estimate of $1.08 by $0.02, FiscalAI reports. Restaurant Brands International had a return on equity of 33.43% and a net margin of 13.12%. The company had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same period in the previous year, the business posted $1.03 EPS. The company’s revenue for the quarter was up 3.1% on a year-over-year basis.

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

• Strong Q3 performance: Same-store sales rose 3.8%, net restaurant growth was 3%, and system-wide sales increased 6.2%, driving 6.7% organic adjusted operating income growth and 6.9% adjusted EPS growth.
• Burger King U.S. momentum accelerated, with same-store sales up 8.4% and the brand reclaiming the No. 2 position in the U.S. burger category. Management cited continued opportunities from restaurant remodels, menu upgrades, operations, and family-focused collaborations.
• Popeyes remained a weak spot, with same-store sales down 1.8%; management said the return to positive comparable sales will take longer than previously expected. The $6 Big Box promotion was less incremental than anticipated, while reducing the wings offering created additional year-over-year pressure.
• International growth remains strong, with 3.9% same-store sales growth, 5.6% net restaurant growth, and improving economics in markets including China, Japan, Korea, Brazil, and Germany. Popeyes international system sales have nearly doubled in two years to more than $2 billion across over 50 markets.
• RBI returned $569 million to shareholders in Q3, including $274 million in share repurchases, and remains on track to repurchase roughly $500 million for the year. The company also reiterated its goal of reaching investment-grade leverage by 2028 while progressing toward sunsetting the Restaurant Holdings segment by the end of 2027.

Restaurant Brands International Stock Up 0.1%

QSR stock traded up $0.09 on Friday, reaching $73.10. 1,952,724 shares of the company traded hands, compared to its average volume of 3,172,632. The company has a debt-to-equity ratio of 2.49, a current ratio of 1.01 and a quick ratio of 0.92. The company has a market cap of $25.50 billion, a P/E ratio of 19.68, a price-to-earnings-growth ratio of 2.18 and a beta of 0.52. The firm has a fifty day simple moving average of $74.77 and a 200-day simple moving average of $73.92. Restaurant Brands International has a one year low of $64.52 and a one year high of $81.96.

Restaurant Brands International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 5th. Stockholders of record on Tuesday, December 22nd will be given a $0.65 dividend. The ex-dividend date of this dividend is Tuesday, December 22nd. This represents a $2.60 annualized dividend and a dividend yield of 3.6%. Restaurant Brands International’s dividend payout ratio is currently 69.89%.

Restaurant Brands International News Roundup

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

• Positive Sentiment: Adjusted earnings were $1.10 per share, ahead of the $1.08 analyst consensus and up from $1.03 a year earlier. Revenue increased 3.1% year over year to approximately $2.52 billion. Restaurant Brands Beats Q3 Earnings Estimates
• Positive Sentiment: U.S. Burger King same-store sales rose 8.4%, making the chain the quarter’s strongest performer and providing evidence that promotions and the company’s turnaround efforts are attracting customers. International comparable sales also grew 3.9%. Restaurant Brands Q3 Results and Burger King Turnaround
• Positive Sentiment: Consolidated system-wide sales grew 6.2%, while RBI said it remains on track for approximately 8% organic adjusted operating income growth in 2026. The company has returned $1.3 billion to shareholders through dividends and share repurchases year to date. Restaurant Brands International Third Quarter 2026 Results
• Positive Sentiment: RBI declared a quarterly dividend of $0.65 per share, or $2.60 annualized, representing a yield of about 3.6% based on the cited share price. The dividend is payable January 5 to shareholders of record December 22.
• Neutral Sentiment: TD Cowen reaffirmed its Hold rating but raised or maintained its price target at $78, implying potential upside from the cited market level while signaling limited conviction in the near-term risk/reward balance.
• Negative Sentiment: Quarterly revenue missed Wall Street expectations of roughly $2.55 billion. The shortfall helps explain why the stock response was weaker despite the EPS beat, as investors may question the breadth and durability of traffic gains outside Burger King U.S. Restaurant Brands Q3 Profit Exceeds Forecasts Despite Revenue Miss

Wall Street Analyst Weigh In

Several brokerages have issued reports on QSR. Weiss Ratings upgraded Restaurant Brands International from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, August 12th. BMO Capital Markets restated an “outperform” rating and issued a $91.00 price target on shares of Restaurant Brands International in a research report on Friday. TD Cowen restated a “hold” rating and issued a $78.00 price target on shares of Restaurant Brands International in a report on Thursday. Jefferies Financial Group lowered their target price on Restaurant Brands International from $82.00 to $78.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 29th. Finally, Evercore restated an “outperform” rating and issued a $88.00 price target on shares of Restaurant Brands International in a research note on Friday, August 7th. Sixteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $83.92.

Insider Activity at Restaurant Brands International

In other Restaurant Brands International news, insider Axel Schwan sold 57,574 shares of the business’s stock in a transaction on Friday, September 4th. The shares were sold at an average price of $81.14, for a total value of $4,671,554.36. Following the sale, the insider owned 209,908 shares in the company, valued at $17,031,935.12. The trade was a 21.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.22% of the stock is owned by insiders.

About Restaurant Brands International

Restaurant Brands International Inc (NYSE:QSR) is a global quick-service restaurant company that owns and operates a portfolio of restaurant brands, primarily through franchised and licensed locations. Its brands include Tim Hortons, Burger King, Popeyes and Firehouse Subs, which serve coffee, baked goods, burgers, chicken, sandwiches and other prepared foods.

The company was formed in 2014 through the merger of Burger King Worldwide and Tim Hortons. RBI expanded its portfolio through the acquisition of Popeyes Louisiana Kitchen in 2017 and Firehouse Restaurant Group in 2021.