RESTAURANT BRANDS INTERNATIONAL ($NYSE:QSR) reported total revenue of USD 1775.0 million and net income of USD 241.0 million for the second quarter of their fiscal year 2023, on June 30, 2023. This represented an 8.3% increase in total revenue and a 2.1% increase in net income, compared to the same period in the prior year.
On Tuesday, June 30, 2023, RESTAURANT BRANDS INTERNATIONAL (RBI) reported its Q2 FY2023 earnings. RBI stock opened at $74.8 and ended the trading day at $74.3, representing a 0.3% decrease from the previous closing price of $74.6. It is worth noting that the market was volatile during the day, with RBI stock experiencing fluctuations in both directions. The report included financial results for Q2 FY2023, which showed a 4% increase in sales year-over-year. This growth was mainly driven by strong performance of the company’s core brands, such as Burger King and Tim Hortons. The company also reported an increase in earnings per share of 8%, compared to the same period last year.
These results are encouraging and show that RBI is continuing to make progress and grow its business. Overall, the company’s Q2 FY2023 earnings report was positive and showed strong growth in sales and earnings per share. This indicates that RBI is well positioned to continue its success into future quarters and make further progress in the coming months. Investors should be encouraged by these results and can expect RBI to remain a leader in the restaurant industry for the foreseeable future. Live Quote…
About the Company
Ownership (Institutional/ Fund Holdings)
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Cash Flow Snapshot
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Balance Sheet (Yearly/ Quarterly)
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At GoodWhale, we recently conducted an analysis of RESTAURANT BRANDS INTERNATIONAL and their overall wellbeing. Our Risk Rating showed that RESTAURANT BRANDS INTERNATIONAL is a high risk investment in terms of both financial and business aspects. We have detected two risk warnings in their balance sheet, which are non-financial in nature. If you would like to find out more about these risk warnings, you can become a registered user with GoodWhale and gain access to this information. As a registered user, we can provide you with detailed analysis that will help you make the best investment decisions. More…
Risk Rating Analysis
Star Chart Analysis
Investors should consider RESTAURANT BRANDS INTERNATIONAL a solid investment option as the company reported strong second quarter earnings results for 2023. Total revenue grew by 8.3%, while net income increased 2.1%. This indicates that the company is continuing to grow and generate profits, which is a good sign for investors.
Furthermore, the company has been able to maintain a stable dividend, which further solidifies its position as a good investment option. In general, RESTAURANT BRANDS INTERNATIONAL looks like a solid investment opportunity with the potential for long-term growth and returns.