Restaurant Brands International (NYSE:QSR) Posts Earnings Results, Beats Expectations By $0.03 EPS

Restaurant Brands International (NYSE:QSR) (TSE:QSR) issued its quarterly earnings data on Wednesday. The restaurant operator reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.03, Zacks reports. Restaurant Brands International had a net margin of 9.96% and a return on equity of 32.80%. The business had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same period last year, the business posted $0.75 earnings per share. The firm’s quarterly revenue was up 7.3% on a year-over-year basis.

Here are the key takeaways from Restaurant Brands International’s conference call:

• RBI resumed share repurchases and returned significant capital to shareholders, repurchasing about $60M through April 30 (including $34M in Q1), returning ~$315M in Q1, generating nearly $200M of free cash flow, and targeting ~$500M of buybacks in 2026.
• Q1 financials were strong — 3.2% comparable sales, 6.2% system?wide sales, 10.7% organic AOI growth, and adjusted EPS of $0.86 (up 14.6%), supporting management’s 2026 outlook.
• Burger King U.S. showed clear momentum with 5.8% comps, driven by operations improvements, menu elevation (the “elevated Whopper”), marketing and franchisee alignment, and management plans to accelerate refranchising to capture further upside.
• The international business remains a growth engine — 5.7% comps and 11.1% system?wide sales — and RBI closed the Burger King China JV with CPE (including a $350M primary capital injection), with BK China posting double?digit comps.
• Popeyes underperformed with a 6.5% comparable?sales decline (system sales down 3.9%); management outlined execution, menu focus, and value initiatives and expects improvement in H2 2026, but near?term softness and execution risk remain.

Restaurant Brands International Stock Up 0.7%

QSR stock traded up $0.57 during midday trading on Friday, hitting $79.71. The company’s stock had a trading volume of 4,159,359 shares, compared to its average volume of 3,294,271. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.99 and a quick ratio of 0.91. Restaurant Brands International has a twelve month low of $61.33 and a twelve month high of $81.96. The company’s fifty day moving average price is $75.55 and its 200 day moving average price is $71.25. The stock has a market capitalization of $27.69 billion, a P/E ratio of 28.07, a PEG ratio of 2.22 and a beta of 0.53.

Restaurant Brands International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 7th. Shareholders of record on Tuesday, June 23rd will be paid a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 3.3%. The ex-dividend date is Tuesday, June 23rd. Restaurant Brands International’s payout ratio is presently 91.55%.

Insider Transactions at Restaurant Brands International

In other news, insider Jacqueline Friesner sold 30,000 shares of Restaurant Brands International stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $74.61, for a total value of $2,238,300.00. Following the completion of the transaction, the insider owned 165,727 shares of the company’s stock, valued at $12,364,891.47. This trade represents a 15.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Thiago T. Santelmo sold 10,000 shares of Restaurant Brands International stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $75.41, for a total transaction of $754,100.00. Following the completion of the transaction, the insider directly owned 78,560 shares of the company’s stock, valued at approximately $5,924,209.60. This trade represents a 11.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 441,490 shares of company stock worth $32,375,140. 1.25% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. NewEdge Advisors LLC grew its position in shares of Restaurant Brands International by 14.7% in the 4th quarter. NewEdge Advisors LLC now owns 5,847 shares of the restaurant operator’s stock valued at $399,000 after acquiring an additional 750 shares during the period. Syon Capital LLC boosted its holdings in shares of Restaurant Brands International by 9.7% during the 4th quarter. Syon Capital LLC now owns 5,661 shares of the restaurant operator’s stock worth $386,000 after buying an additional 501 shares during the period. Vise Technologies Inc. boosted its holdings in shares of Restaurant Brands International by 46.3% during the 4th quarter. Vise Technologies Inc. now owns 5,257 shares of the restaurant operator’s stock worth $359,000 after buying an additional 1,664 shares during the period. WINTON GROUP Ltd bought a new stake in shares of Restaurant Brands International during the 4th quarter worth about $355,000. Finally, Cresset Asset Management LLC boosted its holdings in shares of Restaurant Brands International by 4.4% during the 3rd quarter. Cresset Asset Management LLC now owns 5,336 shares of the restaurant operator’s stock worth $346,000 after buying an additional 225 shares during the period. Institutional investors own 82.29% of the company’s stock.

Restaurant Brands International News Summary

Here are the key news stories impacting Restaurant Brands International this week:

• Positive Sentiment: Restaurant Brands International beat Q1 expectations, posting $0.86 EPS versus $0.83 expected and revenue of $2.26 billion versus $2.24 billion expected, with revenue up 7.3% year over year. Article Title
• Positive Sentiment: Analysts lifted targets after the earnings beat, including Scotiabank to $83, TD Cowen to $79, Wells Fargo to $80, and Robert W. Baird to $80, which supports the stock’s recent strength. Article Title
• Neutral Sentiment: Scotiabank maintained a “sector perform” rating and other firms kept neutral/equal-weight views, suggesting the rally is being tempered by cautious longer-term expectations. Article Title
• Neutral Sentiment: Restaurant Brands also declared a quarterly dividend of $0.65 per share, reinforcing its income appeal for investors. Article Title

Wall Street Analyst Weigh In

A number of brokerages recently commented on QSR. Citigroup dropped their price objective on shares of Restaurant Brands International from $88.00 to $84.00 and set a “neutral” rating on the stock in a report on Thursday. Royal Bank Of Canada raised their price objective on shares of Restaurant Brands International from $83.00 to $90.00 and gave the stock an “outperform” rating in a report on Tuesday, April 21st. Oppenheimer raised their price objective on shares of Restaurant Brands International from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Wednesday, March 18th. Truist Financial raised their price objective on shares of Restaurant Brands International from $83.00 to $87.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Finally, Wells Fargo & Company raised their price objective on shares of Restaurant Brands International from $75.00 to $80.00 and gave the stock an “equal weight” rating in a report on Thursday. Sixteen research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $83.08.

About Restaurant Brands International

Restaurant Brands International Inc (NYSE: QSR) is a global quick-service restaurant company formed through the combination of established brands. The company’s principal holdings include Burger King, Tim Hortons and Popeyes, each of which operates under its own brand identity and menu. Restaurant Brands International’s business is centered on developing and expanding these franchised restaurant systems, supporting franchisees with brand management, supply chain coordination, and marketing programs.

RBI’s restaurants offer a range of quick-service food and beverage products: Burger King is known for its flame-grilled hamburgers and sandwiches, Tim Hortons for coffee, baked goods and breakfast items, and Popeyes for Louisiana-style fried chicken and seafood.