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Restaurant Brands International Earnings Calls
| Release date | May 06, 2026 |
| EPS estimate | $0.83 |
| EPS actual | $0.86 |
| EPS Surprise | 3.86% |
| Revenue estimate | 2.244B |
| Revenue actual | 2.264B |
| Revenue Surprise | 0.89% |
| Release date | Feb 12, 2026 |
| EPS estimate | $0.95 |
| EPS actual | $0.96 |
| EPS Surprise | 1.37% |
| Revenue estimate | 2.412B |
| Revenue actual | 2.466B |
| Revenue Surprise | 2.26% |
| Release date | Oct 30, 2025 |
| EPS estimate | $1.00 |
| EPS actual | $1.03 |
| EPS Surprise | 3.21% |
| Revenue estimate | 2.391B |
| Revenue actual | 2.449B |
| Revenue Surprise | 2.40% |
| Release date | Aug 07, 2025 |
| EPS estimate | $0.97 |
| EPS actual | $0.94 |
| EPS Surprise | -2.89% |
| Revenue estimate | 2.341B |
| Revenue actual | 2.41B |
| Revenue Surprise | 2.95% |
Last 4 Quarters for Restaurant Brands International
Below you can see how QSR performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
| Release date | Aug 07, 2025 |
| Price on release | $65.07 |
| EPS estimate | $0.97 |
| EPS actual | $0.94 |
| EPS surprise | -2.89% |
| Date | Price |
|---|---|
| Aug 01, 2025 | $68.02 |
| Aug 04, 2025 | $69.15 |
| Aug 05, 2025 | $68.16 |
| Aug 06, 2025 | $68.60 |
| Aug 07, 2025 | $65.07 |
| Aug 08, 2025 | $64.50 |
| Aug 11, 2025 | $65.14 |
| Aug 12, 2025 | $64.81 |
| Aug 13, 2025 | $65.52 |
| 4 days before | -4.34% |
| 4 days after | 0.692% |
| On release day | -0.88% |
| Change in period | -3.68% |
| Release date | Oct 30, 2025 |
| Price on release | $67.01 |
| EPS estimate | $1.00 |
| EPS actual | $1.03 |
| EPS surprise | 3.21% |
| Date | Price |
|---|---|
| Oct 24, 2025 | $67.42 |
| Oct 27, 2025 | $67.37 |
| Oct 28, 2025 | $66.73 |
| Oct 29, 2025 | $66.02 |
| Oct 30, 2025 | $67.01 |
| Oct 31, 2025 | $65.69 |
| Nov 03, 2025 | $65.78 |
| Nov 04, 2025 | $66.23 |
| Nov 05, 2025 | $67.03 |
| 4 days before | -0.608% |
| 4 days after | 0.0298% |
| On release day | -1.97% |
| Change in period | -0.578% |
| Release date | Feb 12, 2026 |
| Price on release | $66.35 |
| EPS estimate | $0.95 |
| EPS actual | $0.96 |
| EPS surprise | 1.37% |
| Date | Price |
|---|---|
| Feb 06, 2026 | $70.90 |
| Feb 09, 2026 | $70.97 |
| Feb 10, 2026 | $70.25 |
| Feb 11, 2026 | $70.70 |
| Feb 12, 2026 | $66.35 |
| Feb 13, 2026 | $66.14 |
| Feb 17, 2026 | $68.13 |
| Feb 18, 2026 | $68.86 |
| Feb 19, 2026 | $68.58 |
| 4 days before | -6.42% |
| 4 days after | 3.36% |
| On release day | -0.317% |
| Change in period | -3.27% |
| Release date | May 06, 2026 |
| Price on release | $77.18 |
| EPS estimate | $0.83 |
| EPS actual | $0.86 |
| EPS surprise | 3.86% |
| Date | Price |
|---|---|
| Apr 30, 2026 | $80.68 |
| May 01, 2026 | $80.03 |
| May 04, 2026 | $80.05 |
| May 05, 2026 | $81.69 |
| May 06, 2026 | $77.18 |
| May 07, 2026 | $79.14 |
| May 08, 2026 | $79.71 |
| May 11, 2026 | $78.23 |
| May 12, 2026 | $78.30 |
| 4 days before | -4.34% |
| 4 days after | 1.46% |
| On release day | 2.55% |
| Change in period | -2.95% |
Restaurant Brands International Earnings Call Transcript Summary of Q1 2026
Restaurant Brands International reported a strong Q1 2026 with comparable sales +3.2%, system-wide sales +6.2%, net restaurant growth +2.6%, organic adjusted operating income (AOI) +10.7% and adjusted EPS $0.86 (+14.6% YoY). Key drivers: Burger King U.S. momentum (U.S. comps +5.8%) driven by menu elevation and marketing, International strength (comps +5.7%, system sales +11.1%) including a closed BK China JV with CPE that brings $350M of primary capital, and continued positive results at Tim Hortons (20th consecutive quarter of positive comps) with progress in beverages, PM daypart and digital sales (~40%). Popeyes underperformed (comps -6.5%), with management outlining a three-pillar turnaround (operations, menu focus, everyday value) and targeting a return to positive comps in H2 2026. Firehouse Subs showed strong development (+8.1% NRG). Capital allocation: resumed buybacks in March, repurchased $60M through April 30 and targeting ~$500M of buybacks in 2026; returned ~$315M in Q1 via dividends and buybacks. Balance sheet/liquidity: ~$1.0B cash, total liquidity ~$2.3B, net leverage ~4.2x; company reiterated path to investment-grade leverage by 2028. Guidance/operating posture: reaffirmed ~8% organic AOI growth for 2026, segment G&A ~$600–620M, net interest expense ~$500–520M, CapEx & inducements ~$400M, and Restaurant Holdings AOI ~$10–20M. Management emphasized continued investment behind brands, refranchising progress (focused on quality local operators), and confidence in accelerating net restaurant growth toward the company’s 2028 targets.
