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Restaurant Brands International (QSR) Q3 2021 earnings

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Milton, Pennsylvania: Burger King.

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Restaurant Brands International on Monday reported quarterly earnings that topped Wall Street’s expectations, but its revenue fell short as labor challenges weighed on sales.

Premarket trading saw shares of the company rise less than 1%

This is what the company said compared to what Wall Street expected based upon a Refinitiv survey of analysts:

  • Earnings per share: 76 cents adjusted vs. 74 cents expected
  • Revenue: $1.5billion, vs. $1.52billion expected

Burger King’s parent company reported net income for the third quarter of fiscal 2012 at $221 million. That is 70 cents per share. It was up from $145million, which was 47 cents per shares, one year earlier.

Restaurant Brands, exempting certain items, earned 76c per share. This is higher than the expected 74c per share by Refinitiv analysts.

Net sales rose 11.8% to $1.5 billion, falling short of expectations of $1.52 billion.

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