Restaurant Brands International (NYSE:QSR) Announces Quarterly Earnings Results

Restaurant Brands International (NYSE:QSR) (TSE:QSR) announced its quarterly earnings results on Thursday. The restaurant operator reported $1.07 EPS for the quarter, beating the consensus estimate of $1.04 by $0.03, FiscalAI reports. The company had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.52 billion. Restaurant Brands International had a net margin of 13.12% and a return on equity of 33.74%. Restaurant Brands International’s revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.94 earnings per share.

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

• Strong Q2 performance: Same-store sales rose 3.8%, system-wide sales increased 6.4%, organic Adjusted Operating Income grew 6.7%, and Adjusted EPS increased 12.9% to $1.07. Management reiterated its expectation for 8% organic Adjusted Operating Income growth in 2026.
• Burger King U.S. continued its turnaround momentum with 8.5% same-store sales growth, outperforming the burger QSR industry by more than nine percentage points. Management cited ongoing gains from Whopper marketing, value offerings, remodels, service improvements, and further menu elevation as sources of future growth.
• International remained a major growth engine, delivering 5.5% comparable sales growth, 5.1% net restaurant growth, and 10.7% system-wide sales growth. Management highlighted improving unit economics in markets including China and India, with average paybacks of roughly 4.5 years across its top 10 growth markets.
• Brand performance was mixed: Tim Hortons Canada posted only 0.1% same-store sales growth as Q2 marketing underperformed, while Popeyes U.S. same-store sales declined 5.2%. Management expects Popeyes to return to positive comparable sales in the second half, supported by value promotions, core-menu focus, and operational improvements.
• Capital allocation and leverage improved. RBI generated $501 million of Q2 free cash flow, returned $435 million to shareholders, and reduced net leverage to 4.1 times; the company remains on track to repurchase approximately $500 million of stock in 2026 and reach investment-grade leverage by 2028.

Restaurant Brands International Price Performance

Shares of NYSE:QSR traded up $1.07 during trading hours on Friday, hitting $73.99. 2,635,053 shares of the company’s stock traded hands, compared to its average volume of 2,417,505. Restaurant Brands International has a 52 week low of $61.33 and a 52 week high of $81.96. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.90 and a current ratio of 0.99. The company’s fifty day simple moving average is $73.75 and its two-hundred day simple moving average is $73.62. The company has a market cap of $25.84 billion, a price-to-earnings ratio of 19.89, a price-to-earnings-growth ratio of 2.16 and a beta of 0.50.

Restaurant Brands International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 18th will be issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Friday, September 18th. Restaurant Brands International’s dividend payout ratio is presently 69.89%.

More Restaurant Brands International News

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

• Positive Sentiment: Q2 earnings beat expectations: Adjusted EPS reached $1.07, above the roughly $1.03–$1.04 analyst consensus and up from $0.94 a year earlier. Revenue rose 4.6% year over year to $2.52 billion, in line with estimates. Restaurant Brands International earnings beat as Burger King’s U.S. business soars
• Positive Sentiment: Burger King is driving growth: Burger King U.S. comparable sales increased 8.5%, helping consolidated systemwide sales grow 6.4%. International comparable sales also rose 5.5%, while RBI reported double-digit earnings growth and reaffirmed its target for 8% organic adjusted operating-income growth in 2026. Restaurant Brands International Inc. Reports Second Quarter 2026 Results
• Positive Sentiment: Improving competitive position: Burger King reportedly reclaimed the No. 2 spot among U.S. burger chains by systemwide sales, overtaking Wendy’s. The revamped Whopper and broader turnaround efforts are helping attract customers and gain market share as some rivals experience slower growth. Burger King overtakes Wendy’s as the nation’s second-largest burger chain
• Positive Sentiment: Shareholder returns: RBI declared a quarterly dividend of $0.65 per share, or $2.60 annualized, implying a yield of approximately 3.6%. The company also returned $435 million to shareholders through dividends and share repurchases.
• Negative Sentiment: Price targets were reduced: Scotia lowered its target from $83 to $81 and maintained a “sector perform” rating. Piper Sandler cut its target from $85 to $81 but retained an “overweight” rating. Both targets still imply roughly 9% upside, but the reductions suggest more cautious expectations after the earnings report.

Analyst Upgrades and Downgrades

QSR has been the subject of several analyst reports. Piper Sandler reduced their price objective on Restaurant Brands International from $85.00 to $81.00 and set an “overweight” rating for the company in a research report on Friday. Guggenheim raised their target price on Restaurant Brands International from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Morgan Stanley lifted their target price on Restaurant Brands International from $78.00 to $79.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 15th. Scotia reduced their price target on Restaurant Brands International from $83.00 to $81.00 and set a “sector perform” rating for the company in a research report on Friday. Finally, Evercore reissued an “outperform” rating and issued a $88.00 price target on shares of Restaurant Brands International in a research note on Friday. Sixteen research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $83.83.

Institutional Trading of Restaurant Brands International

A number of large investors have recently added to or reduced their stakes in the business. UMB Bank n.a. grew its position in Restaurant Brands International by 50.4% in the fourth quarter. UMB Bank n.a. now owns 639 shares of the restaurant operator’s stock worth $44,000 after buying an additional 214 shares during the last quarter. Capital Analysts LLC boosted its stake in shares of Restaurant Brands International by 20.6% during the 4th quarter. Capital Analysts LLC now owns 924 shares of the restaurant operator’s stock worth $63,000 after acquiring an additional 158 shares in the last quarter. Advisory Services Network LLC acquired a new position in shares of Restaurant Brands International in the 3rd quarter worth $155,000. Coldstream Capital Management Inc. raised its position in shares of Restaurant Brands International by 11.6% during the third quarter. Coldstream Capital Management Inc. now owns 3,393 shares of the restaurant operator’s stock worth $218,000 after purchasing an additional 354 shares during the period. Finally, AQR Capital Management LLC purchased a new stake in shares of Restaurant Brands International during the first quarter valued at $237,000. 82.29% of the stock is currently owned by institutional investors.

Restaurant Brands International Company Profile

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.