Restaurant Brands International (QSR) Q4 2021 earnings
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Milton, Pennsylvania: A Burger King Restaurant
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Restaurant Brands International on Tuesday reported quarterly earnings and revenue that topped analysts’ expectations as digital orders made up nearly a third of the company’s global sales.
Premarket trading saw shares of the company flat.
This is what the company said compared to what Wall Street expected based upon a Refinitiv survey of analysts:
- Earnings per share: 74 cents adjusted vs. 70 cents expected
- Revenue: $1.55Billion, vs. $1.5B expected
Fourth quarter net income for the restaurant company was $261 million or 57 cents per diluted share. It is an increase of $138 million or 30 cents per diluted share a year prior.
Restaurant Brands’ earnings were 74 cents per diluted share (excluding food items), beating expectations of Refinitiv analyst who expected 70 cents.
Net sales rose 14% to $1.55 billion, topping expectations of $1.5 billion.
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