Fast-food company Restaurant Brands (NYSE:QSR) will be reporting earnings this Thursday before the bell. Here’s what to look for.
Restaurant Brands beat analysts’ revenue expectations by 2.4% last quarter, reporting revenues of $2.45 billion, up 6.9% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ revenue estimates and a solid beat of analysts’ same-store sales estimates.
Is Restaurant Brands a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Restaurant Brands’s revenue to grow 5.2% year on year to $2.41 billion, slowing from the 26.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.95 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Restaurant Brands has missed Wall Street’s revenue estimates three times over the last two years.
Looking at Restaurant Brands’s peers in the traditional fast food segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Yum China delivered year-on-year revenue growth of 8.8%, beating analysts’ expectations by 3.9%, and Yum! Brands reported revenues up 6.4%, topping estimates by 2.7%. Yum China traded up 9.7% following the results while Yum! Brands was also up 1.5%.
Read our full analysis of Yum China’s results here and Yum! Brands’s results here.
Debates around the economy’s health and the impact of potential tariffs and corporate tax cuts have caused much uncertainty in 2025. While some of the traditional fast food stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2.8% on average over the last month. Restaurant Brands is up 3% during the same time and is heading into earnings with an average analyst price target of $78.31 (compared to the current share price of $70.80).
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