04:07:17 EST Tue 18 Feb 2025
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save
Restaurant Brands International Inc
Symbol QSR
Shares Issued 316,897,975
Close 2024-08-08 C$ 98.82
Market Cap C$ 31,315,857,890
Recent Sedar Documents

FP says Restaurant Brands Q2 earnings beat expectations

2024-08-09 08:22 ET - In the News

The Financial Post reports in its Friday edition that Restaurant Brands International posted its second quarter earnings on Thursday, surpassing expectations due to the strong performance of its Tim Hortons brand. The Post's Denise Paglinawan reports that in the quarter ending on June 30, total revenues reached $2.08-billion (U.S.), up from $1.78-billion (U.S.) in the same quarter last year. This increase was primarily attributed to Tim Hortons, which reported just over $1-billion (U.S.) in total revenue. Chief executive officer Joshua Kobza stated during the earnings call, "Tim Hortons in Canada once again outperformed the industry and continues to demonstrate the impact of delivering quality, service, and convenience to guests every day, leading to positive outcomes for restaurant owners and our business." Mr. Kobza said Tim's in Canada was well ahead of the broader industry, with a 4.9-per-cent increase in comparable sales for the quarter. He noted, however, that there has been some softening of consumer demand in Canada -- a "little bit of nuance" he attributes to inflation and an uptick in unemployment. The increase in revenue comes despite weaker sales for the company overall and its individual brand segments.

© 2025 Canjex Publishing Ltd. All rights reserved.