Restaurant Brands International (QSR) Q1 2022 earnings
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This photo illustrates a Burger King Whopper hamburger that was displayed in San Anselmo on April 5, 2022. A federal lawsuit was filed seeking to class-action status. Burger King claims that it misleads customers using misleading imagery. This includes the Whopper Burger.
Justin Sullivan | Getty Images
Restaurant Brands International on Tuesday reported quarterly earnings and revenue that beat analysts’ expectations, fueled by strong same-store sales growth from Burger King’s overseas restaurants.
In premarket trading, shares were flat for the company.
Based on an analysis of Wall Street analysts, here’s the report from the company.
- Earnings per share: 64 cents adjusted vs. 63 cents expected
- Revenues: $1.45 Billion vs. expected $1.41 Billion
Restaurant Brands’ first quarter net profit was $270 million (59 cents per share), down from $271million (58 cents per share) a year prior.
The company’s earnings were 64 cents per diluted share, surpassing the expected 63 cents by Refinitiv analysts.
Net sales rose 15.2% to $1.45 billion, beating expectations of $1.41 billion.
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