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In a company release dated July 30th, Restaurant Brands International Inc (QSR) reported on second quarter results for the period ending June 30th 2021. For the period, the company posted net earnings of $390 million on revenue of $1,438 million with an EPS of $0.84. For the corresponding second quarter of 2020 net earnings amounted to $163 million on revenue of $1,048 million with an EPS of $0.36.
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In reviewing individual segments,
- Tim Horton’s attained revenue of $831 million with an EBITDA of $253 million. Same-store sales increased by 27.6 percent among 5,065 locations.
- Burger King revenue was $459 million with an EBITDA of $266 million with a same-store sales increase of 18.2 percent among 18,776 locations.
- Popeye’s Louisiana Kitchen posted sales of $148 million with an EBITDA of $58 million. Same-store sales declined by 0.3 percent, compared to a second quarter of fiscal 2020 in 3,562 stores.
The company posted an increase in digital sales of 60 percent year over year.
 In commenting on results, Jose E. Cil, CEO stated, “We are encouraged by the momentum across our business including sales increases driven by quality menu items, rapid adoption of a digital channel by our guests and acceleration in new restaurant openings around the world by our franchisees who believe strongly in our brands and business model.”
Restaurant Brands International has a market capitalization of $20.20 billion and carries long-term debt and other obligations of $15.56 billion. QSR has traded over a 52-week range from $51.12 to $71.12 with a 50-day moving average of $65.08. On a trailing 12-month basis, operating margin was 34.0 percent and profit margin, 12.5 percent. The company has returned 5.1 percent on assets and 25.3 percent on equity.
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