QSR

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Restaurant Brands International Inc. is rated neutral, with shares fairly valued for current top-line growth and muted upside. QSR reported Q3 revenue of $2.53B (+3.1% YoY, slightly below consensus) and EPS of $1.10 (+6.9% YoY, slight beat). Burger King outperformed with 8.4% domestic same-store sales growth, while Popeyes lagged due to competitive discounting.

Restaurant Brands International Inc. (QSR) Q3 2026 Earnings Call Transcript

Although the revenue and EPS for Restaurant Brands (QSR) give a sense of how its business performed in the quarter ended September 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Restaurant Brands International reported higher third-quarter profit as strong U.S. demand at Burger King helped drive revenues higher.

Restaurant Brands (QSR) came out with quarterly earnings of $1.1 per share, beating the Zacks Consensus Estimate of $1.08 per share. This compares to earnings of $1.03 per share a year ago.

Restaurant Brands International reported better-than-expected quarterly earnings, but its revenue fell slightly short of Wall Street's expectations. Burger King was the top performer, with U.S. same-store sales growth of 8.4%.

Consolidated System-wide Sales grow 6.2% year-over-year, including 9.0% in International Global Comparable Sales of 3.8%, including 8.4% at BK US and 3.9% at International RBI returns $1.3 billion of capital to shareholders year to date through dividends and share repurchases RBI remains on track for 8% organic Adjusted Operating Income growth in 2026 MIAMI, Oct. 29, 2026 /PRNewswire/ -- Restaurant Brands International Inc. ("RBI") (NYSE: QSR) (TSX: QSR) (TSX: QSP) today reported financial results for the third quarter ended September 30, 2026. Josh Kobza, Chief Executive Officer of RBI commented, "At our Investor Day earlier this year, we highlighted what makes RBI a strong business – four iconic global brands, the ability to invest for long-term growth, and talented teams and franchisees around the world.

Restaurant Brands International earns a "Hold" rating as the valuation appears fair and technicals lack conviction. QSR outperformed consumer discretionary peers YTD, driven by Burger King's strong comps, but Tim Hortons' softness weighs on growth. EPS is projected to grow ~10% annually, with FY 2026 EPS near $4.50 and a 3.5% forward dividend yield supporting shareholder returns.

Restaurant Brands (QSR) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.