Restaurant Brands Report EPS Miss, Revenues Beat Estimates
<p><a href='https://financialmodelingprep.com/financial-summary/QSR'>Restaurant Brands (NYSE:QSR)</a> reported its Q4 results yesterday, with EPS of $0.72 coming in worse than the Street estimate of $0.74. Revenue was $1.69 billion, slightly better than the Street estimate of $1.67 billion.</p>
<p>The company also said that Joshua Kobza will become the new Chief Executive Officer (CEO) of the company starting on March 1, 2023. Mr. Kobza has been a part of the company for the past 11 years, and he has held the position of Chief Operating Officer for the last four years.</p>
<p>According to the analysts at Oppenheimer, the profit flow-through issues this quarter vs consensus appear idiosyncratic to Q4/22. Therefore, the analysts said they are buyers of the modest pullback in shares post-print, particularly into strengthening top-line momentum. </p>

NYSE:QSR