Restaurant Brands Intl Q1 2024 Adj EPS $0.73 Beats $0.72 Estimate, Sales $1.739B Beat $1.703B Estimate
Portfolio Pulse from Benzinga Newsdesk
Restaurant Brands Intl (NYSE:QSR) reported Q1 2024 adjusted earnings of $0.73 per share, surpassing the consensus estimate of $0.72. Sales reached $1.739 billion, exceeding estimates of $1.703 billion, marking a 9.37% increase from the previous year.
April 30, 2024 | 10:32 am
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POSITIVE IMPACT
Restaurant Brands Intl reported a slight earnings beat and a significant sales increase in Q1 2024, indicating strong performance.
Beating both earnings and sales estimates, especially with a notable year-over-year sales growth of 9.37%, suggests strong operational performance and market confidence. This positive report is likely to influence investor sentiment positively in the short term, potentially leading to an uptick in QSR's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100