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Restaurant Brands (QSR) Reports Earnings Tomorrow: What To Expect

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Fast-food company Restaurant Brands (NYSE:QSR) will be reporting results this Thursday before market hours. Here’s what to expect.

Restaurant Brands missed analysts’ revenue expectations by 1.8% last quarter, reporting revenues of $2.11 billion, up 21.3% year on year. It was a softer quarter for the company, with a miss of analysts’ EBITDA estimates and a slight miss of analysts’ same-store sales estimates.

Is Restaurant Brands a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Restaurant Brands’s revenue to grow 12.6% year on year to $2.34 billion, slowing from the 17.3% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.97 per share.

Restaurant Brands Total Revenue

Heading into earnings, analysts covering the company have grown increasingly bearish with revenue estimates seeing 10 downward revisions over the last 30 days (we track 20 analysts). Restaurant Brands has missed Wall Street’s revenue estimates four times over the last two years.

Looking at Restaurant Brands’s peers in the traditional fast food segment, some have already reported their Q2 results, giving us a hint as to what we can expect. El Pollo Loco delivered year-on-year revenue growth of 3%, beating analysts’ expectations by 0.6%, and Domino's reported revenues up 4.3%, in line with consensus estimates. El Pollo Loco traded up 1.4% following the results while Domino's was also up 3%.

Read our full analysis of El Pollo Loco’s results here and Domino’s results here.

Debates over possible tariffs and corporate tax adjustments have raised questions about economic stability in 2025. While some of the traditional fast food stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 8.1% on average over the last month. Restaurant Brands’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $77 (compared to the current share price of $68.16).

Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we’ve identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.

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