Restaurant Brands International (TSE:QSR)
TSX:QSR
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Earnings Data
Report Date
Aug 06, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.43Last Year’s EPS
1.29Same Quarter Last Year
Moderate Buy
Based on 21 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicated multiple strong operational and financial wins: company-wide comparable sales and organic AOI growth, solid EPS expansion, robust free cash flow, resumed buybacks and clear international momentum (including a successful BK China JV). Burger King U.S. showed notable reacceleration with sustained operational improvements. Headwinds remain—most prominently a material comp decline at Popeyes, elevated beef inflation pressuring margins and some Restaurant Holdings/start‑up losses—along with elevated net leverage. Management provided actionable remedies (training, value platforms, refranchising progress) and concrete targets for repurchases, development and deleveraging, indicating confidence in recovery. Overall, positive results and clear plans outweigh the identifiable near-term challenges.Company Guidance
Companywide Top-Line and Profitability Growth
Comparable sales +3.2% (Q1), system-wide sales +6.2%, net restaurant growth 2.6%; organic adjusted operating income (AOI) +10.7%; adjusted EPS increased 14.6% to $0.86 from $0.75.
Strong Cash Generation and Capital Return
Generated nearly $200 million of free cash flow in Q1; returned approximately $315 million to shareholders in Q1 via dividends and repurchases; resumed buybacks in March and repurchased $60 million through April 30 with a 2026 repurchase target of ~$500 million.
Burger King U.S. Momentum
U.S. same-store sales +5.8%, outperforming the burger QSR industry by over 5 points; product and marketing initiatives (Elevated Whopper, Whopper Wednesday, $3.99 King Junior Meals) drove strong trial and higher Whopper AUVs (highest in >3 years); franchisees voted 97% to maintain elevated ad fund contribution.
International Outperformance and BK China JV
International comparable sales +5.7%, net restaurant growth +4.5% and system-wide sales growth ~11.1%; closed Burger King China joint venture with CPE (CPE injected $350 million) and BK China posted double-digit comps and margin improvement in Q1.
Tim Hortons Daypart and Beverage Strength
Tim Hortons Canada comparable sales +1.5% despite soft macro and weather; beverage sales +2% YoY with cold beverages +10% and espresso/tea +8%; digital sales ~40%; achieved #1 ranking in Brand Health's best breakfast and improved guest satisfaction +2 points YoY.
Firehouse Subs Development Momentum
Net restaurant growth +8.1% with flat comparable sales, producing system-wide sales growth of +7.2%; reported solid pipeline and average franchise paybacks of <4 years, supporting accelerated unit growth plans for 2026.
Progress Toward Strategic Targets
Resumed share repurchases, reiterated long-term algorithm (~3% same-store sales, ~8% organic AOI growth), target to reach ~1,800 net new restaurants per year by 2028 and to achieve corporate investment-grade leverage by 2028; ended Q1 with total liquidity of ~$2.3 billion (including ~$1.0 billion cash).
Operational Improvements Across Brands
Noted improvements in restaurant standards, operations and guest experience particularly at Burger King (higher repeat rates, better service) and early operational gains at Popeyes from increased field support and training; average Google rating for Tim Hortons ~4 stars.
Restaurant Brands International (TSE:QSR) Earnings, Revenues Date & History
TSE:QSR Earnings History
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
TSE:QSR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2026 | C$105.11 | C$108.00 | +2.75% |
Feb 20, 2026 | C$93.38 | C$91.73 | -1.76% |
Feb 12, 2026 | C$95.45 | C$89.45 | -6.28% |
Oct 30, 2025 | C$90.49 | C$92.25 | +1.94% |
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.
FAQ
When does Restaurant Brands International (TSE:QSR) report earnings?
Restaurant Brands International (TSE:QSR) is schdueled to report earning on Aug 06, 2026, Before Open (Confirmed).
What is Restaurant Brands International (TSE:QSR) earnings time?
Restaurant Brands International (TSE:QSR) earnings time is at Aug 06, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:QSR EPS forecast?
TSE:QSR EPS forecast for the fiscal quarter 2026 (Q2) is 1.43.
