Restaurant Brands International Inc., known by its stock market identifiers QSR, QSR.TO, and QSP.TO, recently announced an increase in its fourth-quarter net income. The figure rose to $508 million, or $1.60 per share, from $229 million, or $0.74 per share, compared to the same period last year. Even after adjusting for specific items, earnings per share saw an increase from $0.72 to $0.75 year on year. Prior to this announcement, analysts had predicted fourth quarter earnings of $0.73 per share.
Revenues were also reported to have increased in the fourth quarter, rising to $1.82 billion from $1.69 billion the year before, exceeding analysts' expectations of a revenue of $1.81 billion.
Comparable sales, another important metric, also showed an upward trend with a nearly 6% rise. This increase is led by strong performances at Tim Hortons Canada and Burger King US, recording over 8% and over 6% growth respectively.
