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Restaurant BrndLP (TSE:QSP.UN)
:QSP.UN
Holding TSE:QSP.UN?
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Earnings Data
Report Date
―TBA Not Confirmed
Period Ending
―Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2018
|% Change Since: -12.24%
|Next Earnings Date:Aug 01, 2018
Earnings Call Sentiment|Positive
The earnings call provided a positive outlook on system-wide sales growth and strong brand performance, particularly in the U.S. and Canadian markets. However, challenges in international markets and increased G&A expenses were noted as areas of concern.Company Guidance
In the Restaurant Brands International Q1 2024 earnings call, the company reported several key metrics reflecting their performance and strategic direction. They achieved a 4.6% increase in consolidated comparable sales, with net restaurant growth at 3.9%, translating to an 8.1% system-wide sales growth and a 7.7% growth in organic adjusted operating income. Tim Hortons in Canada reported a 7.5% increase in comparable sales, driven by mid-single-digit traffic growth and a robust marketing calendar. Internationally, comparable sales rose by 4.2%, with net restaurant growth at 8.4%, contributing to an 11.6% system-wide sales increase. The company plans to maintain mid-4% net restaurant growth for 2024, with development ramping up in the second half of the year. Additionally, they have committed to a $300 million investment to remodel 1,100 Burger King restaurants, aiming to achieve between 85% and 90% modern image by 2028. The guidance for 2024 includes segment G&A between $665 million and $685 million and consolidated CapEx of around $300 million.Strong System-Wide Sales Growth
First quarter consolidated comparable sales of 4.6% and net restaurant growth of 3.9%. This translated into system-wide sales growth of 8.1% and organic adjusted operating income growth of 7.7%.
Tim Hortons Canada Success
Tim Hortons in Canada reported a 7.5% increase in comparable sales, including mid-single-digit traffic growth and 8.3% growth in system-wide sales.
Burger King U.S. Outperformance
Burger King U.S. comparable sales and traffic outperformed the industry, driven by operational improvements and a balanced menu of value and calendar initiatives.
POPEYES U.S. Growth
POPEYES U.S. grew comparable sales by 6.2% and net restaurants by 4.0%, resulting in system-wide sales growth of 10.2%.
Digital Sales Growth
Increased mobile order and pay, kiosk usage, and adoption of loyalty programs drove digital sales growth of 37% year-over-year for Burger King, resulting in a digital sales mix of 17%.
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TSE:QSP.UN Earnings History
Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release | Slides | Play Transcript |
|---|---|---|---|---|---|---|---|
| Aug 01, 2018 | 2018 (Q2) | 0.55 | 57.09% (+0.31) | ― | ― | ||
| Oct 24, 2018 | 2018 (Q3) | 0.483 | 44.10% (+0.21) | ― | ― | ||
| Feb 22, 2019 | 2018 (Q4) | 1.461 | -40.59% (-0.59) | ― | ― | ||
| Apr 29, 2019 | 2019 (Q1) | 0.758 | -6.73% (-0.05) | ― | ― | ||
| Aug 02, 2019 | 2019 (Q2) | 0.864 | -13.77% (-0.12) | ― | ― | ||
| Oct 28, 2019 | 2019 (Q3) | 0.696 | 47.99% (+0.33) | ― | ― | ||
| Feb 21, 2020 | 2019 (Q4) | 0.868 | -11.52% (-0.10) | ― | ― | ||
| May 01, 2020 | 2020 (Q1) | 0.707 | -8.20% (-0.06) | ― | ― | ||
| Aug 06, 2020 | 2020 (Q2) | 0.745 | -34.50% (-0.26) | ― | ― | ||
| Oct 28, 2020 | 2020 (Q3) | 1.03 | -37.48% (-0.39) | ― | ― |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:QSP.UN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Apr 25, 2024 | C$99.26 | C$108.18 | +8.99% |
| Oct 24, 2023 | C$86.68 | C$88.55 | +2.16% |
| Aug 03, 2023 | C$95.48 | C$93.62 | -1.95% |
| Apr 27, 2023 | C$90.02 | C$89.50 | -0.58% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Restaurant BrndLP (TSE:QSP.UN) report earnings?
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What is Restaurant BrndLP (TSE:QSP.UN) earnings time?
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What is TSE:QSP.UN EPS forecast?
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