Restaurant Brands International Inc. (NYSE:QSR) on Wednesday posted stronger-than-expected quarterly results.
The company reported first-quarter adjusted earnings per share of 86 cents, beating the analyst consensus estimate of 82 cents. Quarterly sales of $2.264 billion outpaced the Street view of $2.240 billion.
Restaurant Brands expects 2026 segment G&A expenses, excluding Restaurant Holdings, to range between $600 million and $620 million, while Restaurant Holdings adjusted operating income is projected at approximately $10 million to $20 million.
Josh Kobza, Chief Executive Officer of RBI commented, “We delivered a strong start to the year, converting solid topline results into double-digit earnings growth while returning capital to shareholders through the resumption of share repurchases and our growing dividend. Tim Hortons and International each delivered their 20th consecutive quarter of positive comparable sales. And at Burger King, our results reflect several years of hard work by our franchisees and teams to elevate the guest experience, driving stronger engagement and clear outperformance. We’re executing against the plan we laid out during our Investor Day in February and remain confident in the path ahead.”
Restaurant Brands shares gained 2.3% to trade at $78.96 on Thursday.
These analysts made changes to their price targets on Restaurant Brands following earnings announcement.
- Baird analyst David Tarantino maintained Restaurant Brands with a Neutral and raised the price target from $72 to $80.
- Wells Fargo analyst Zachary Fadem maintained the stock with an Equal-Weight rating and raised the price target from $75 to $80.
Considering buying QSR stock? Here’s what analysts think:
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