CORRECTION: Restaurant Brands Intl Q2 2024 Adj. EPS $0.86 Misses $0.87 Estimate, Sales $2.080B Beat $2.026B Estimate
Portfolio Pulse from Benzinga Newsdesk
Restaurant Brands Intl (NYSE:QSR) reported Q2 2024 earnings of $0.86 per share, missing the $0.87 estimate, but sales of $2.080 billion beat the $2.026 billion estimate. Earnings increased by 1.18% year-over-year, while sales grew by 17.18%.
August 08, 2024 | 3:08 pm
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Restaurant Brands Intl (NYSE:QSR) reported Q2 2024 earnings of $0.86 per share, missing the $0.87 estimate, but sales of $2.080 billion beat the $2.026 billion estimate. Earnings increased by 1.18% year-over-year, while sales grew by 17.18%.
The mixed results, with earnings slightly missing estimates but sales beating expectations, suggest a neutral short-term impact on QSR's stock price. The significant year-over-year sales growth is a positive indicator, but the earnings miss may temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100