{"id":45411,"date":"2023-08-07T10:14:59","date_gmt":"2023-08-07T14:14:59","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/what-to-expect-from-restaurant-brands-stock-past-q2-results\/"},"modified":"2023-08-07T10:15:01","modified_gmt":"2023-08-07T14:15:01","slug":"what-to-expect-from-restaurant-brands-stock-past-q2-results","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=45411","title":{"rendered":"What To Expect From Restaurant Brands\u2019 Stock Past Q2 Results?"},"content":{"rendered":"<div>\n<p><strong data-ga-track=\"ExternalLink:https:\/\/www.trefis.com\/data\/companies\/QSR\">Restaurant Brands International Inc. stock<\/strong> (NYSE: QSR) is one of the largest fast-food restaurant chains in the world and it is a combination of Burger King, Tim Hortons, Popeyes, and, since late 2021, also Firehouse Subs. The company is scheduled to report its fiscal second-quarter results on Tuesday, August 8. We expect QSR\u2019s stock to likely trade lower due to both revenues and earnings missing expectations marginally in its second-quarter results. The fast-food giant\u2019s next few quarters might show high volatility given the current macroeconomic situation. However, the company showcases solid mid-to-long-term growth prospects. The revenue stream of QSR is directly influenced by the system sales it generates across its brands, which can be increased by growing restaurant sales or adding as many restaurants as possible. Also, Tim Hortons, Popeyes, and Firehouse Subs are far less penetrated across international markets than McDonald\u2019s or Burger King. That means more room to open new restaurants and a longer runway for revenue growth.<\/p>\n<p>Our forecast indicates that Restaurant Brands\u2019 valuation is $68 per share, which is nearly 7% lower than the current market price. Look at our interactive dashboard analysis on <strong data-ga-track=\"ExternalLink:https:\/\/www.trefis.com\/data\/companies\/QSR\/no-login-required\/NmvvYbcx\/Restaurant-Brands-QSR-Earnings-Preview-QSR-Stock-Likely-To-Trade-Lower-Due-To-Weak-FY-2023Q2-Results-With-Revenues-As-Well-As-Earnings-Missing-Expectations?fromforbesandarticle=trefis230806\">Restaurant Brands Earnings Preview:<\/strong><strong> What To Expect in Fiscal Q2?<\/strong> for more details.<\/p>\n<p><strong>(1) Revenues expected to be slightly below consensus estimates<\/strong><\/p>\n<p>Trefis estimates QSR\u2019s Q2 2023 revenues to be around $1.7 Bil, slightly below the consensus estimate. QSR\u2019s Q1 revenues grew 10% year-over-year (y-o-y) to $1.59 billion, fueled by strong same-store sales growth from Burger King\u2019s overseas restaurants. The company\u2019s consolidated comparable sales were up nearly 10% in Q1, led by 16% growth at Tim Hortons Canada, 12% growth in Burger King International, and 9% growth at Burger King U.S. The management noted that increase in sales were aided by price hikes as increases in commodity prices were passed on to franchisees and an increase in sales to retailers. It should be noted that only locations that have been open for at least 13 months are included in its same-store sales metrics.<\/p>\n<p><fbs-ad position=\"inread\" progressive=\"\" ad-id=\"article-0-inread\" aria-hidden=\"true\" role=\"presentation\"><\/fbs-ad><\/p>\n<p><strong>(2) EPS is also likely to marginally miss consensus estimates<\/strong><\/p>\n<p>QSR\u2019s Q2 2023 earnings per share is expected to come in at 74 cents per Trefis analysis, two cents lower than the consensus estimate. In Q1, its earnings grew 3% y-o-y to $0.61 per share.<\/p>\n<p><strong>(3) Stock price estimate lower than the current market price<\/strong><\/p>\n<p>Going by our <strong data-ga-track=\"ExternalLink:https:\/\/www.trefis.com\/data\/companies\/QSR\/no-login-required\/dGwwJ2kR\/Restaurant-Brands-QSR-Valuation-Is-QSR-Stock-Expensive-Or-Cheap-?fromforbesandarticle=trefis230806\">QSR\u2019s Valuation<\/strong>, with an EPS estimate of around $2.99 and a P\/E multiple of 22.8x in fiscal 2023, this translates into a price of $68, which is 7% lower than the current market price.<\/p>\n<p>It is helpful to see how its peers stack up. QSR Peers shows how Restaurant Brands\u2019 stock compares against peers on metrics that matter. You will find other useful comparisons for companies across industries at Peer Comparisons.<\/p>\n<p>What if you\u2019re looking for a portfolio that aims for long-term growth? Here\u2019s a value portfolio that\u2019s done much better than the market since 2016.<\/p>\n<p>Invest with <strong>Trefis <\/strong><strong data-ga-track=\"ExternalLink:https:\/\/dashboards.trefis.com\/data\/companies\/PORTFOLIOS\/no-login-required\/M7MacZNG?fromforbes\">Market Beating Portfolios<\/strong><\/p>\n<p>See all <strong>Trefis <\/strong><strong data-ga-track=\"ExternalLink:https:\/\/dashboards.trefis.com\/data\/price-estimates?fromforbes\">Price Estimates<\/strong><\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.forbes.com\/sites\/greatspeculations\/2023\/08\/07\/what-to-expect-from-restaurant-brands-stock-past-q2-results\/\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Restaurant Brands International Inc. stock (NYSE: QSR) is one of the largest fast-food restaurant chains in the world and it is a combination of Burger King, Tim Hortons, Popeyes, and, since late 2021, also Firehouse Subs. The company is scheduled to report its fiscal second-quarter results on Tuesday, August 8. We expect QSR\u2019s stock to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":45412,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-45411","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets","tag-featured"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What To Expect From Restaurant Brands\u2019 Stock Past Q2 Results? | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Restaurant Brands International Inc. stock (NYSE: QSR) is one of the largest fast-food restaurant chains in the world and it is a combination of Burger\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=45411\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What To Expect From Restaurant Brands\u2019 Stock Past Q2 Results? 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