NYSE$QSR

Restaurant Brands International Inc. · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

RBI reported financial results for Q4 2019.

Restaurant Brands International Inc. reported consolidated system-wide sales growth of 10% in Q4 2019. Popeyes' system-wide sales growth was boosted by the Chicken Sandwich.

  • Consolidated system-wide sales growth of 10% in Q4 and over 8% in 2019
  • More than 27,000 restaurants now open globally following 1,342 net restaurant openings in 2019
  • BURGER KING® delivers over 9% system-wide sales growth and adds over 1,000 net new restaurants in 2019
  • POPEYES® delivers transformational system-wide sales growth of over 42% in Q4 boosted by the Chicken Sandwich

Headline financials

Total Revenue

$1.48B

Previous: $1.39B+6.8%
EPS (adj)

$0.75

Previous: $0.68+10.3%
TH Comparable Sales

-4.3%

No prior period
BK Comparable Sales

2.8%

No prior period
Popeyes Comparable Sales

34.4%

No prior period
TH Restaurant Count

4.9K

No prior period
BK Restaurant Count

18.8K

No prior period
Popeyes Restaurant Count

3.3K

No prior period
Capital Expenditures

$30M

Previous: $32.7M-8.3%
Free Cash Flow

$1.41B

Previous: $459M+207.9%
Net Income

$257M

Previous: $163M+57.7%
Operating Income

$511M

Previous: $516M-1.0%
Gross Profit

$861M

Previous: $807M+6.7%
Cash & Equivalents

$1.53B

Previous: $913M+67.9%
Total Assets

$22.4B

Previous: $20.1B+11.0%
Stock-Based Comp

$12M

Previous: $8.7M+37.9%

Revenue & EPS history

RBI · Revenue · Quarterly

$1.48B

Q4 2019+6.8%vs Q4 2018
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

RBI · $1.48B total across 3 segments · Q4 2019

  • Tim Hortons
    $872M
  • Burger King
    $462M
  • Popeyes
    $145M

Forward guidance

RBI announced that it is targeting a total of $2.08 in dividends per common share and partnership exchangeable unit of RBI LP for 2020

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2019

Historical avgQ4 2019

-0.5%

Avg return

Earnings day

-0.5%

Avg return

5 days after

+0.5%

Avg return

30 days after

36%

19 / 53 earnings

Positive

+8.3%

Q2 2022

Best reaction

-7.0%

Q3 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.5%-4.2%-11.1%
Q4 2025-6.2%-3.6%+2.8%
Q3 2025-2.0%+0.0%+8.0%
Q1 2025-0.5%-0.1%+5.0%
Q4 2024-1.6%-3.5%-1.2%
Q3 2024-2.5%-2.9%-0.4%
Q2 2024-0.0%+0.2%-4.1%
Q1 2024-0.8%+2.7%-9.6%
Q4 2023-2.2%-1.4%+4.2%
Q3 2023-3.0%-1.3%+5.1%
Q2 2023-1.7%-2.1%-9.6%
Q1 2023+1.7%+1.4%+6.7%
Q4 2022-3.5%-1.4%-9.6%
Q3 2022+4.5%+4.8%+14.3%
Q2 2022+8.3%+7.7%+7.7%
Q1 2022-4.7%-7.8%-7.2%
Q4 2021+2.5%-0.2%+1.3%
Q3 2021-7.0%-8.6%-5.2%
Q2 2021+3.1%+0.6%-0.4%
Q1 2021+3.9%+1.8%+2.9%
Q4 2020-1.7%-1.3%+5.7%
Q3 2020-4.9%-6.2%+7.0%
Q2 2020-6.9%-3.9%-2.9%
Q1 2020-0.6%-0.8%+10.7%
Q4 2019+4.0%+5.3%-25.1%
Q3 2019-5.2%-4.7%-3.2%
Q2 2019+4.7%+7.2%+7.8%
Q1 2019-1.8%+0.5%-0.8%
Q4 2018+2.5%+3.2%+0.5%
Q3 2018-0.8%-6.2%-2.6%
Q2 2018+0.8%-0.2%-9.1%
Q1 2018+2.6%+1.3%+8.3%
Q4 2017+2.2%+4.4%+2.8%
Q3 2017-3.3%-4.2%-2.0%
Q2 2017+2.4%+4.9%+3.4%
Q1 2017-2.9%-4.0%+5.0%
Q4 2016+6.0%+4.8%+6.7%
Q3 2016-5.3%-7.3%+1.6%
Q2 2016+4.2%+6.1%+7.7%
Q1 2016+2.0%
Q4 2015+7.8%
Q3 2014-4.6%
Q3 2015-4.6%
Q2 2015+0.4%
Q1 2014-3.4%
Q1 2015-1.9%
Q2 2013-1.4%
Q4 2014-1.4%
Q2 2014-1.4%
Q1 2013-1.4%
Q4 2013-1.4%
Q4 2012-1.4%
Q3 2013-1.4%

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