New outlets, cheaper options fail to revive fast-food earnings in India [Reuters]
Restaurant Brands International Inc. Common Shares (QSR)
Last restaurant brands international inc. common shares earnings: 5/1 06:30 am
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Source: Reuters
consumers continued to cut back on dining out and ordering in, analysts said, spurning the hundreds of new restaurants that operators opened in 2023. Pizza franchisees such as Jubilant Foodworks (JUBI.NS) New Tab , opens new tab , Devyani International (DEVY.NS) New Tab , opens new tab and Sapphire Foods India (SAPI.NS) New Tab , opens new tab struggled throughout 2023 due to heightened competition, with burger chains also joining the struggle later in the year due to inflation. Even new affordable menu items, such as Burger King's 99-rupee combination of burger, beverage, and fries, introduced last year, failed to lure customers as India's monthly inflation rate remained above the target rate so far this year. "Earlier you might be visiting (fast-food chains) three or four times monthly. Now everyone is restricting to once or twice," said Kranthi Bathini, equity strategist at WealthMills Securities. Analysts polled by LSEG estimate net income slumping between 54% and 97
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News
- Restaurant Brands International Inc. (NYSE:QSR) Just Reported First-Quarter Earnings: Have Analysts Changed Their Mind On The Stock? [Yahoo! Finance]Yahoo! Finance
- Restaurant Brands: Healthy Performance And Outlook [Seeking Alpha]Seeking Alpha
- Stan Wong's Top Picks: May 2, 2024 [BNN Bloomberg (Canada)]BNN Bloomberg
- Restaurant Brands International Inc. (NYSE: QSR) had its price target raised by analysts at Loop Capital from $86.00 to $93.00. They now have a "buy" rating on the stock.MarketBeat
- Restaurant Brands International Inc. (NYSE: QSR) had its price target raised by analysts at Citigroup Inc. from $78.00 to $79.00. They now have a "neutral" rating on the stock.MarketBeat
QSR
Earnings
- 4/30/24 - Beat
QSR
Sec Filings
- 4/30/24 - Form 10-Q
- 4/30/24 - Form PX14A6G
- 4/30/24 - Form 10-Q
- QSR's page on the SEC website