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Wednesday, August 1, 2018

=Restaurant Brands Int'l (QSR) reported earnings on Wed 1 Aug 2018 (b/o)

Restaurant Brands Int'l beats by $0.03, misses on revs; Q2 comps +2.9% 
  • Reports Q2 (Jun) earnings of $0.66 per share, excluding non-recurring items, $0.03 better thanthe Capital IQ Consensus of $0.63; revenues rose 18.6% year/year to $1.34 bln vs the $1.36 bln Capital IQ Consensus.
  • For the second quarter of 2018, system-wide sales growth was driven by net restaurant growth of 7.5% and comparable sales of 2.9%, including US comparable sales of 1.8%.
  • Under Previous Standards, Total Revenues for the quarter grew 1.6% (1.8% excluding the impact of FX movements) versus prior year, reflecting growth in system-wide sales.

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