Restaurant Brands reports Q3 adjusted EPS 90c, consensus 86c

Reports Q3 revenue $1.84B, consensus $1.88B. Reports Q3 comparable sales 7%. System-wide sales increased 10.9% year-over-year. Josh Kobza, CEO of RBI commented, “I am proud of the strength we’re seeing across our brands due to the efforts of our franchisees and our teams which helped drive another quarter of double-digit system-wide sales growth and home market franchisee profitability growth. These results reflect our focus on enhancing operations, delivering great guest and team member experiences, and providing great value with the best quality products in each of our brands’ respective categories. I am confident we are well positioned to enter 2024 with momentum.”