Restaurant Brands reports Q4 adj. EPS 68c, consensus 56c
Reports Q4 revenue $1.39B, consensus $1.15B. Reports Q4 Tim Horton's SSS up 1.9%, Burger King SSS up 1.7%, and Popeye's SSS up 0.1%. Jose Cil, CEO of Restaurant Brands commented, "I am pleased to report that our business continued to deliver strong system-wide sales growth in 2018, driven by acceleration of net restaurant growth at Burger King and Popeyes and improved momentum in comparable sales at Tim Hortons through our 'Winning Together' plan. We have demonstrated our increased focus on technology and made notable progress against many of our initiatives including delivery, kiosks, and mobile app development. Throughout the year, we continued to maintain a balanced approach to capital allocation through our increased dividend, share repurchases, and reinvestment in our brands, illustrating our confidence in the long-term growth potential of our business. We remain focused on further growing franchisee profitability and improving guest experience, which we believe will drive value for all of our stakeholders for many years to come."