Burger King Parent Restaurant Brands Beats Q2 On Menu Innovation; Comps Up 9.6%
Portfolio Pulse from Shivani Kumaresan
Restaurant Brands International Inc (NYSE:QSR) reported Q2 FY23 sales growth of 8.3% YoY to $1.77 billion, beating the analyst consensus estimate of $1.74 billion. Consolidated comparable sales increased 9.6%, and net restaurants grew 4.1% versus the prior year. System-wide sales increased 14%. The company's Board of Directors has declared a dividend of $0.55 per common share. However, QSR shares traded lower by 0.52% at $74.16 on the last check Tuesday.
August 08, 2023 | 7:03 pm
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Despite beating Q2 estimates, Restaurant Brands International's stock traded lower. The company declared a dividend of $0.55 per share.
Restaurant Brands International reported strong Q2 results, beating estimates and declaring a dividend. However, the stock traded lower, which could be due to a variety of factors not mentioned in the article, such as broader market trends or investor sentiment. The declared dividend indicates a positive return for shareholders.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100