Restaurant Brands International Limited Partnership Full Year 2024 Earnings: EPS: US$3.20 (vs US$5.03 in FY 2023)

Restaurant Brands International Limited Partnership (TSE:QSP.UN) Full Year 2024 Results

Key Financial Results

• Revenue: US$8.41b (up 20% from FY 2023).
• Net income: US$1.02b (down 41% from FY 2023).
• Profit margin: 12% (down from 24% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: US$3.20 (down from US$5.03 in FY 2023).

QSP.UN Sales Performance and Store Count

• Same store sales growth: 2.3% vs FY 2023.
• Total stores: 32,125 (up by 1,055 from FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

The primary driver behind last 12 months revenue was the Tim Hortons (TH) segment contributing a total revenue of US$4.04b (48% of total revenue). Notably, cost of sales worth US$5.38b amounted to 64% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling US$1.37b were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how QSP.UN's revenue and expenses shape its earnings.

Restaurant Brands International Limited Partnership shares are up 4.9% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Restaurant Brands International Limited Partnership has 3 warning signs (and 2 which can't be ignored) we think you should know about.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.