Restaurant Brands (QSR) To Report Earnings Tomorrow: Here Is What To Expect

Fast-food company Restaurant Brands (NYSE:QSR) will be reporting results this Wednesday before the bell. Here’s what investors should know.

Restaurant Brands beat analysts’ revenue expectations last quarter, reporting revenues of $2.47 billion, up 7.4% year on year. It was a strong quarter for the company, with a solid beat of analysts’ revenue estimates and an impressive beat of analysts’ same-store sales estimates.

Is Restaurant Brands a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Restaurant Brands’s revenue to grow 6.4% year on year, slowing from the 21.3% increase it recorded in the same quarter last year.

Heading into earnings, analysts covering the company have grown increasingly bullish with revenue estimates seeing in majority upward revisions over the last 30 days. Restaurant Brands has missed Wall Street’s revenue estimates multiple times over the last two years.

Looking at Restaurant Brands’s peers in the traditional fast food segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Starbucks delivered year-on-year revenue growth of 8.8%, beating analysts’ expectations by 4.3%, and Yum! Brands reported revenues up 15.2%, topping estimates by 0.6%. Starbucks traded up 8.4% following the results while Yum! Brands was also up 2%.

Read our full analysis of Starbucks’s results here and Yum! Brands’s results here.

Investors in the traditional fast food segment have had steady hands going into earnings, with share prices flat over the last month. Restaurant Brands is up 3.6% during the same time and is heading into earnings with an average analyst price target of $83.46 (compared to the current share price of $80.03).

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