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RESTAURANT BRANDS INTERNATIONAL INC.

(QSR)
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Restaurant Brands More Than Doubles 2Q Profit, Increases Buyback Authorization

07/30/2021 | 05:04am EDT

By Adriano Marchese

Restaurant Brands International Inc. on Friday reported a more-than-doubled profit in the second quarter and said it would increase its share buyback authorization to $1 billion.

The Canadian-American fast-food holding company--which houses the Tim Hortons and Burger King brands--said earnings per share were 84 cents up from 35 cents in the comparable quarter a year ago.

Net income was $259 million, compared with $106 million a year ago.

Total revenue rose to $1.44 billion from $1.05 billion.

The company also said the board of directors approved a share repurchase authorization for $1 billion worth of shares over the next two years.

"[The buyback] demonstrates our confidence in the value creation opportunity we have ahead of us with our three iconic brands, scalable business model, expanding digital strength and dedicated franchise partners," Chief Executive Officer Jose Cil said.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

07-30-21 0704ET

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Analyst Recommendations on RESTAURANT BRANDS INTERNATIONAL INC.
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Financials (USD)
Sales 2021 5 770 M - -
Net income 2021 1 297 M - -
Net Debt 2021 10 996 M - -
P/E ratio 2021 22,2x
Yield 2021 3,40%
Capitalization 19 863 M 19 863 M -
EV / Sales 2021 5,35x
EV / Sales 2022 4,95x
Nbr of Employees 5 200
Free-Float 98,5%
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Technical analysis trends RESTAURANT BRANDS INTERNATIONAL INC.
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 31
Last Close Price 62,45 $
Average target price 75,97 $
Spread / Average Target 21,7%
EPS Revisions
Managers and Directors
JosÚ Eduardo Cil Chief Executive Officer
Matthew Dunnigan Chief Financial Officer
Alexandre Behring da Costa Co-Chairman
Daniel S. Schwartz Co-Chairman
Joshua Arthur Kobza Chief Operating Officer
Sector and Competitors