Restaurant Brands International Inc (QSR) reported quarterly earnings results on Thursday, Aug-4-2016. The company said it had a profit of $0.41 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.07. Analysts had a consensus of $0.34. The company posted revenue of $1040.20 million in the period, compared to analysts expectations of $1047.76 million. The company’s revenue was down -.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 EPS.
Restaurant Brands International Inc closed down -0.5 points or -1.11% at $44.5 with 9,82,444 shares getting traded on Tusday. Post opening the session at $44.85, the shares hit an intraday low of $44.12 and an intraday high of $45.2297 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.
In a different news, on May 6, 2016, Marc Caira (director) sold 100,000 shares at $43.02 per share price. According to the SEC, on Feb 22, 2016, Damme Alexandre Van (director) purchased 78,125 shares at $32.74 per share price. On Dec 18, 2015, V Milroy Thomas (director) purchased 10,000 shares at $36.52 per share price, according to the Form-4 filing with the securities and exchange commission.
Restaurant Brands International Inc is the parent company for Tim Hortons Inc. and Burger King Worldwide Inc. The Company operates more than 18000 restaurants operating in 100 countries under its two distinct brands. Tim Hortons operates restaurant chains in North America and Canada. Operating in the quick service segment of the restaurant industry Tim Hortons menu includes premium coffee hot and cold specialty drinks (including lattes cappuccinos and espresso shots) specialty teas and fruit smoothies fresh baked goods grilled Panini and classic sandwiches wraps soups prepared foods and other food products. As of September 28 2014 Tim Hortons had 4590 system wide restaurants including 3665 in Canada 869 in the United States and 56 in the Gulf Cooperation Council. BURGER KING is a fast food hamburger chain. The BURGER KING system operates in approximately 14000 locations serving more than 11 million guests daily in 100 countries and territories globally.