Topic: Growth Stocks

Stock Pickers Digest Hotline – Thursday, April 29, 2016

Article Excerpt

RESTAURANT BRANDS INTERNATIONAL INC., $43.26, symbol QSR on New York, took its current form on December 12, 2014, after Burger King Worldwide acquired Tim Hortons. The company has 4,438 Tim Hortons locations and 15,008 Burger King outlets in 100 countries. It is now the world’s third-largest fast-food operator, after McDonald’s (No. 1) and Yum Brands (No. 2). If you exclude restructuring costs and other unusual items, Restaurant Brands earned $142.1 million in the three months ended March 31, 2016 (all amounts except share price in U.S. dollars). That’s up 92.3% from $73.9 million a year earlier. Due to more shares outstanding, earnings per share rose 87.5%, to $0.30 from $0.16. It was enough to beat the consensus estimate of $0.22. The higher profits came from lower costs and the introduction of more high-profit menu items. Sales fell 1.6%, to $918.5 million from $933.3 million. That was below the consensus forecast of $928.3 million. However, if you exclude the negative impact of…