Burger King Parent Restaurant Brands Stock Slips On Q3 Earnings Miss; On Track To Deliver 8%+ System-Wide Sales Growth

Restaurant Brands International Inc. (NYSE:QSR) shares are trading lower in the premarket session on Tuesday after the company reported its third-quarter results.

Restaurant Brands reported adjusted earnings per share of 93 cents, missing the street view of 95 cents. Quarterly sales of $2.291 billion missed the analyst consensus estimate of $2.307 billion.

The company reported consolidated comparable sales growth of 0.3% and a 3.8% increase in net restaurants compared to the previous year. System-wide sales saw a 3.2% year-over-year rise.

Income from operations was $577 million, slightly down from $582 million in the prior year. However, adjusted operating income reached $652 million, reflecting a 6.1% organic growth when excluding foreign ...