Restaurant Brands International (NYSE:QSR) Releases Earnings Results

Restaurant Brands International (NYSE:QSR) (TSE:QSR) issued its earnings results on Thursday. The restaurant operator reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.02, FiscalAI reports. Restaurant Brands International had a return on equity of 33.89% and a net margin of 15.35%. The firm had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter last year, the business posted $1.03 EPS. The company’s revenue was up 3.1% compared to the same quarter last year.

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 Down 0.8%

NYSE:QSR traded down $0.58 on Friday, hitting $72.43. The stock had a trading volume of 4,794,121 shares, compared to its average volume of 2,823,640. The company has a market cap of $25.26 billion, a PE ratio of 16.84, a P/E/G ratio of 2.14 and a beta of 0.52. Restaurant Brands International has a 52 week low of $64.52 and a 52 week high of $81.96. The business’s fifty day moving average is $74.62 and its 200 day moving average is $73.94. The company has a quick ratio of 0.92, a current ratio of 1.01 and a debt-to-equity ratio of 2.49.

Restaurant Brands International Dividend Announcement

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

Restaurant Brands International News Summary

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

• Positive Sentiment: Adjusted earnings beat estimates. QSR reported quarterly EPS of $1.10, ahead of the $1.08 consensus estimate and up from $1.03 a year earlier. Revenue increased approximately 3.1% year over year to about $2.52 billion. Restaurant Brands Beats Q3 Earnings Estimates
• Positive Sentiment: Burger King’s U.S. turnaround is gaining traction. U.S. comparable sales rose 8.4%, helped by promotional deals and stronger customer traffic. Consolidated system-wide sales grew 6.2%, while international comparable sales increased 3.9%. Restaurant Brands Reports Mixed Results
• Positive Sentiment: Management maintained its 2026 outlook. RBI remains on track for 8% organic adjusted operating-income growth and said it has returned $1.3 billion to shareholders through dividends and share repurchases year to date. RBI Reports Third Quarter 2026 Results
• Positive Sentiment: The quarterly dividend was maintained at $0.65 per share, equivalent to $2.60 annually and an indicated yield of about 3.6%. The dividend is payable January 5 to shareholders of record December 22.
• Neutral Sentiment: TD Cowen reaffirmed its Hold rating while setting a $78 price target, implying potential upside from the referenced share price but signaling limited conviction in the near-term risk/reward balance.
• Negative Sentiment: Revenue missed expectations. Quarterly revenue of approximately $2.52 billion came in below analysts’ $2.55 billion forecast. The shortfall appears to have outweighed the EPS beat for investors, explaining the weaker stock reaction despite Burger King’s strong comparable-sales performance. Restaurant Brands Slips After Earnings

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on QSR. Guggenheim raised their price objective on Restaurant Brands International from $85.00 to $86.00 and gave the company a “buy” rating in a research note on Friday, September 18th. Robert W. Baird lifted their target price on Restaurant Brands International from $80.00 to $85.00 and gave the company a “neutral” rating in a research report on Monday, August 24th. CL King set a $80.00 target price on Restaurant Brands International in a research note on Monday, August 10th. Scotia dropped their target price on shares of Restaurant Brands International from $83.00 to $81.00 and set a “sector perform” rating for the company in a report on Friday, August 7th. Finally, Seaport Research Partners initiated coverage on shares of Restaurant Brands International in a research note on Wednesday, September 16th. They issued a “buy” rating and a $88.00 price target on the stock. Sixteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, Restaurant Brands International presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.92.

Insiders Place Their Bets

In other news, insider Axel Schwan sold 57,574 shares of the business’s stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $81.14, for a total transaction of $4,671,554.36. Following the completion of the sale, the insider directly owned 209,908 shares of the company’s stock, valued at $17,031,935.12. The trade was a 21.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.22% of the company’s stock.

Restaurant Brands International Company Profile

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.