Restaurant Brands' earnings, revenues beat estimates in Q3
The acquisition of Popeyes has added prospects for growth in the United States and internationally.
The company believes that there is an opportunity to grow all its brands around the world by expanding its presence in existing markets as well as entering new markets. Meanwhile, a soft consumer spending environment in the U.S. restaurant space remains a cause of concern.
QSR's earnings have been strong over the past few quarters. The company posted positive earnings consecutively in each of the last four quarters, with an average beat of 6.46%.
The Restaurant Brands (QSR) has reported revenues of $1.21 billion. In third-quarter 2017, comparable sales at Tim Hortons and Burger King increased 0.3% and 3.6%, respectively, at constant currency. Comps at Popeyes decreased 1.8% in the quarter. Adjusted EBITDA of $565.1 million was up 7.6% on an organic basis versus prior year results.
