Restaurant Brands reports Q1 adjusted EPS 73c, consensus 72c

Reports Q1 revenue $1.74B, consensus $1.7B. Reports Q1 consolidated comparable sales increased 4.6%. Reports Q1 comparable Tim Horton’s sales up 6.9%. Reports Q1 comparable Burger King sales up 3.8%. Reports Q1 comparable Popeyes sales up 5.7%. Reports Q1 comparable Firehouse Subs sales up 0.3%. Reports Q1 comparable international sales up 4.2%. Josh Kobza, CEO of RBI commented, “I am proud of the hard work our teams and franchisees are doing to deliver high-quality products, great service and a compelling value proposition for guests every day. Our results are a reflection of their efforts and the strong foundation we have built that sets us up to drive continued improvements in franchisee profitability and deliver our long-term outlook.”