Burger King Parent Restaurant Brands Beats Q4 Forecasts

Burger King Parent Restaurant Brands Beats Q4 Forecasts”

Today, Cowen and Company raised its price target on Restaurant Brands International (NYSE:QSR) to per share.

The company's net profit attributable to shareholders more than doubled to $118.4 million, or 50 cents per share, from a year ago, when it took a $37 million charge for the merger of Burger King and Tim Hortons.

The Oakville, Ontario-based company's total revenue rose about five per cent to $1.11 billion and was almost in line with estimates. The company reported $0.44 EPS for the quarter, topping the Zacks' consensus estimate of $0.42 by $0.02. Comparable sales are considered a key indicator of a retailer's health, since they measure only the performance of stores open at least 12 months.

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Burger King attributed comparable sales growth to strength in its Asia Pacific and Latin America and Caribbean segments, while Tim Hortons highlighted "notable growth in the U.S." and said increases in breakfast, lunch and dinner sales drove comp growth for the year. "We are excited about our progress this year and are committed to building on these results to achieve long-term sustainable growth".

"I think investors will be sort of surprised and dismayed by the shift around", Dennis Mitchell, senior vice president and senior portfolio manager of Sprott Asset Management, told BNN Monday when discussing Restaurant Brand International's same-store sales. Year-to-date, QSR has gained 7.89%, versus a 3.57% rise in the benchmark S&P 500 index during the same period. During the same quarter in the prior year, the firm posted $0.32 EPS. Revenue for the fourth quarter was US$1.11 billion. The company has a market cap of $12.60 billion, a PE ratio of 44.80 and a beta of 1.75.

RBI is one of the largest quick service restaurant business in the world with over $24 billion in sales system wide and more than 20,000 restaurants in over 100 countries and territories. Stockholders of record on Friday, March 3rd will be issued a dividend of $0.18 per share. The company's quarterly revenue was up 5.1% compared to the same quarter past year.

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Brief Synopsis On Restaurant Brands International Inc. The business has worked on expanding the footprint of Tim Hortons in both the United States as well as internationally. Restaurant Brands International based in Canada. RBC Capital Markets increased their target price on shares of Restaurant Brands International from $49.00 to $54.00 and gave the stock an "outperform" rating in a report on Tuesday, October 25th.

In my opinion, Restaurant Brands International is a great option for investors looking for long-term growth.

That being said, strong returns, an aggressive and, to date, successful expansion plan, and an increasing dividend all make Restaurant Brands a likely candidate for nearly any portfolio.

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