Summary
- Fast food chain Restaurant Brands (TSX:QSR) released its first quarter 2021 results on Friday, April 30.
- Following this, its stocks shot up by over a per cent (11.24AM EST).
- Restaurant Brands is the parent company of famous fast food establishments Burger King, Popeyes and Tim Hortons.
Fast food chain Restaurant Brands (TSX:QSR) released its first quarter 2021 results on Friday, April 30, following which its stocks shot up by over a per cent (11.24AM EST).
Restaurant Brands reported that its adjusted diluted earnings per share stood at US$ 0.55 in Q1 2021, which was up by US$ 0.05 apiece from the Zacks Consensus Estimate of US$ 0.50 per share.
Restaurant Brands is the parent company of famous fast food establishments Burger King, Popeyes and Tim Hortons. It posted US$ 1.26 billion in revenues in the latest quarter, beating the analysts' estimate of US$ 1.25 billion, according to the data from EODHD/Others.
Let’s take a closer look at the consumer stock’s latest stock performance.
Restaurant Brands (TSX:QSR) Stock Performance
Restaurant Brands stock grew by about two per cent over the last month. As per TMX data, the company's market cap is C$ 25.5 billion and its return on equity stands at 19.93 per cent.

1-year chart of stock performance of Restaurant Brands (Source: EODHD/Others/Thomson Reuters)
QSR stock soared by about 23 per cent over the past year and was priced at C$ 84.16 apiece at the time of writing this. Going by this price, the stock was down by about two per cent from its 52-week high of C$ 86.21 apiece (March 29, 2021) and nearly 30 per cent up from its 52-week low of C$ 64.79 apiece (May 1, 2020).
Its year-to-date (YTD) growth sits at about seven per cent, beating the TSX 300 Composite Index that went 3.2 per cent down in comparison during the same period.
Restaurant Brands Q1 2021 Earnings Highlights
From US$ 444 million in the first quarter of the 2020, Restaurant Brands’ adjusted EBITDA increased to US$ 480 million in 2021’s first quarter. Its net cash provided by operating activities stood at US$ 266 million in Q1 2021.
The company’s net income attributable to shareholders was US$ 179 million in the latest quarter, up by US$ 35 million from the same quarter of last year. Restaurant Brand also distributes a quarterly dividend of US$ 0.53 and its present dividend yield is 3.235 per cent.
The above constitutes a preliminary view and any interest in stocks should be evaluated further from an investment point of view.