Restaurant Brands International Third Quarter 2024 Earnings: Misses Expectations

Restaurant Brands International (NYSE:QSR) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$2.29b (up 25% from 3Q 2023).
• Net income: US$252.0m (flat on 3Q 2023).
• Profit margin: 11% (down from 14% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: US$0.79 (down from US$0.80 in 3Q 2023).

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

Restaurant Brands International Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) also missed analyst estimates by 15%.

Looking ahead, revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Hospitality industry in the US.

Performance of the American Hospitality industry.

The company's shares are down 3.3% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 3 warning signs for Restaurant Brands International you should be aware of, and 1 of them is concerning.

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