Restaurant Brands International (NYSE:QSR) Second Quarter 2024 Results
Key financial results
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Revenue: $2.08 billion (up 17% from Q2 2023).
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Net income: $280.0 million (up 16% from Q2 2023).
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Profit margin: 14% (equivalent to Q2 2023).
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Earnings per share: $0.88 (compared to $0.77 in Q2 2023).
All figures shown in the graph above refer to the last 12 months (TTM)
Restaurant Brands International earnings per share exceed expectations, sales fall short of expectations
Sales missed analysts’ estimates by 1.2%. Earnings per share (EPS) exceeded analysts’ estimates by 7.2%.
An average sales growth of 8.5% per annum is expected for the next three years. In the US hotel and restaurant industry, however, growth of 9.6% is forecast.
Performance of American hotel and restaurant industry.
The company’s share price remained largely unchanged compared to the previous week.
Risk analysis
Before you take the next step, you should know about the 2 warning signs for Restaurant Brands International (1 makes us a little uncomfortable!) that we have uncovered.
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