NYSE:QSRHospitality
Restaurant Brands (QSR) Stock Shrugs Off Profit Surge As Doubts Linger
The market gave Restaurant Brands International a polite nod, not a standing ovation. The stock inched up about 1% into the first full trading day after earnings, even though the headline story was strong earnings power with Basic EPS of about US$1.46 in the quarter. That muted move suggests investors are cautious and are treating the good news as already priced in.
The real swing factor was profitability. Net income excluding one off items reached roughly US$507 million, while same...