Restaurant Brands reports Q3 adjusted EPS 93c, consensus $1.32

Reports Q3 revenue $2.29B, consensus $3.27B. Consolidated comparable sales were 0.3% and net restaurants grew 3.8% versus the prior year. Josh Kobza, CEO of RBI commented, “Our results demonstrate the resilience of our business and the dedication of our teams and franchisees. We remain focused on providing great value for guests, improving franchisee profitability, and investing in our brands for the long-term. We have been pleased to see an improvement in consolidated comparable sales in October and remain confident we will achieve our 8% plus Adjusted Operating Income growth target for 2024 and beyond.”