No Peter Lynch required, a blind investor could have seen this one coming.
Tim Hortons parent Restaurant Brands misses quarterly profit estimates on weak demand
Restaurant Brands International on Thursday posted quarterly profit below Wall Street estimates, dented by tepid demand for its Tim Hortons coffee as customers avoided stepping out amid fresh restrictions imposed to tackle Covid-19 cases.
Comparable sales at Tim Hortons sank 11% in the quarter, hurt in part by temporary dining room closures and curfews in parts of Canada as rising Covid-19 cases deterred diners from stepping out to get their morning bagels.
The company has been heavily investing in revamping its brands, buying fresh coffee brewers, new water filters and pumping money into its drive-thru business.
Net income attributable to common shareholders fell to $91 million, or 30 cents per share, compared with $165 million, or 54 cents per share, a year earlier.
Excluding items, the company earned 53 cents per share, compared with analysts' estimates of 65 cents.
Total revenue in the fourth quarter ended Dec. 31 came in at $1.36 billion, compared with $1.48 billion in the year-ago period, but was above the average estimate of $1.33 billion, according to IBES data from Refinitiv.
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No a "told ya so"... just GBA.
Tomorrows winners (and losers) today.
I knew Tim Hortons' U.S. operations would kill QSR though.
That said... going forward...
Lets give BK a chance.
These cat's have deep pockets.
Obviously.
Tim Hortons parent Restaurant Brands misses quarterly profit estimates on weak demand
Ahh... good ol QSR.
Here's the deal. And I probably went on about this in that thread... Tim Hortons in the U.S.... they don't do too well. I mean they have an ok breakfast following, decent coffee tbh... but those things are pretty much ghost-towns during the day. They kick ass up in Canada though.
Earnings are at the end of July. You might pull 10% out of them if you get in here at $55. I'd sell before earnings though. Those Tim Hortons though... I don't know how they even stay open.
. Not real big on QSR either. Tim Hortons are closing stores that are less than a few years old. I actually just noticed that last week. Popeyes does well, but I think they've peaked, there's a degree of capacity constraint on this one at this point I think.
A stock like Carrols should pay a dividend. They don't. Its a dog imo Stoney.
Restaurant Brands International on Thursday posted quarterly profit below Wall Street estimates, dented by tepid demand for its Tim Hortons coffee as customers avoided stepping out amid fresh restrictions imposed to tackle Covid-19 cases.
Comparable sales at Tim Hortons sank 11% in the quarter, hurt in part by temporary dining room closures and curfews in parts of Canada as rising Covid-19 cases deterred diners from stepping out to get their morning bagels.
The company has been heavily investing in revamping its brands, buying fresh coffee brewers, new water filters and pumping money into its drive-thru business.
Net income attributable to common shareholders fell to $91 million, or 30 cents per share, compared with $165 million, or 54 cents per share, a year earlier.
Excluding items, the company earned 53 cents per share, compared with analysts' estimates of 65 cents.
Total revenue in the fourth quarter ended Dec. 31 came in at $1.36 billion, compared with $1.48 billion in the year-ago period, but was above the average estimate of $1.33 billion, according to IBES data from Refinitiv.
_____________________________________________________
No a "told ya so"... just GBA.
Tomorrows winners (and losers) today.
I knew Tim Hortons' U.S. operations would kill QSR though.
That said... going forward...
Lets give BK a chance.
These cat's have deep pockets.
Obviously.
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