Restaurant Brands International Inc (QSR)

[MCArmel1]

Restaurant Brands beats by $0.05, misses on revenue

Oct 27 2015, 07:12 ET | About: Restaurant Brands Inter... (QSR) | By: Niloofer Shaikh, SA News Editor

Restaurant Brands (NYSE:QSR): Q3 EPS of $0.34 beats by $0.05.

Revenue of $1.02B (-8.1% Y/Y) misses by $30M.

Press Release

http://seekingalpha.com/news/2858836-restaurant-brands-beats-by-0_05-misses-on-revenue?uprof=45#email_link


Restaurant Brands International Reports Third Quarter 2015 Results
Tue October 27, 2015 7:00 AM|PR Newswire | About: QSR

OAKVILLE, ON, Oct. 27, 2015 /PRNewswire/ - Restaurant Brands International Inc. (QSR) (TSX/NYSE (NYX): QSR, TSX: QSP) today reported financial results for the third quarter ended September 30, 2015.

Daniel Schwartz, Chief Executive Officer of Restaurant Brands International ("RBI") commented, "We continued to build on momentum from the first half of the year, achieving favorable comparable sales growth and net restaurant growth at both of our iconic brands, TIM HORTONS® and BURGER KING (BKC) ®. We also announced the first development deal at TIM HORTONS® since the creation of RBI, and our Master Franchise Joint Venture, Burger King France, announced the proposed acquisition of Quick Group. We are excited about the path for TIM HORTONS® and BURGER KING ® global expansion going forward. We have made good progress year-to-date and are unwavering in our commitment to delivering a great guest experience while driving franchisee profitability."

Third Quarter 2015 Highlights:
•Tim Hortons ("TH") comparable sales increased 5.3% and Burger King ("BK") comparable sales increased 6.2% in constant currency
•TH delivered net restaurant growth ("NRG") of 69 and BK delivered NRG of 141
•System-wide sales grew 8.2% at TH and 11.2% at BK in constant currency
•RBI Adjusted EBITDA was up 22.8% on an organic basis to $441 million versus the prior year pro forma amount
•RBI Adjusted Diluted EPS was $0.34 per share
•RBI declared a dividend of $0.13 per common share and partnership exchangeable unit of RBI LP for the fourth quarter of 2015

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http://seekingalpha.com/pr/15117496-restaurant-brands-international-reports-third-quarter-2015-results