Restaurant Brands (NYSE:QSR) (TSE:QSR) shares are trending marginally lower today after the quick-service restaurant company announced its results for the fourth quarter. Revenue jumped by 7.7% year-over-year to $1.82 billion, outperforming expectations by $20 million. Further, EPS of $0.75 landed past estimates by $0.02.
The quarter was marked by robust system-wide sales growth across Restaurant Brands’ segments. Notably, system-wide sales at Tim Hortons (TH) and Popeyes Louisiana Kitchen (PLK) rose by 9% and 11.2%, respectively. Further, system-wide sales in the company’s International operations jumped by 12.8%. Total consolidated comparable sales rose by 5.8%.
Additionally, the total system restaurant count increased by 1,168 to 31,070 during the year. Despite these gains, QSR’s adjusted operating income rose marginally by $4 million to $509 million in Q4.
Further, the company has announced a quarterly dividend of $0.58 per share. The QSR dividend is payable on April 4 to investors of record on March 21. QSR is targeting total dividends of $2.32 per share for the full year.
Is QSR a Good Stock to Buy?
Shares of the company have jumped by nearly 15% over the past three months. Overall, the Street has a Moderate Buy consensus rating on Restaurant Brands, and the average QSR price target of $84.80 points to a modest 8.3% potential upside in the stock.
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