Restaurant Brands reports Q1 adjusted EPS 86c, consensus 83c

Reports Q1 revenue $2.26B, consensus $2.24B. Reports Q1 comparable sales up 3.2%. 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.”