Restaurant Brands International Inc. (TSX: QSR) reported today its financial results for Q3 2021, highlighting quarterly revenue of US$1.50 billion. This figure is higher than Q3 2020’s revenue of US$1.34 billion.
Breaking down the topline revenue figure, restaurant sales contributed US$621 million while franchise and property revenues added US$639 million. Advertising revenues completed the quarterly sales with US$235 million.
In terms of the revenue share by its brands, Tim Hortons contributed US$885 million while Burger King and Popeyes contributed US$467 million and US$143 million, respectively.
The company also ended the quarter with US$329 million net income, an increase from US$223 million for the same comparable period last year. The quarterly net income translates to US$0.70 earnings per share and the firm declared a quarterly revenue of US$0.53 per share.
At quarter’s end, the firm has a cash and cash equivalents balance of US$1.77 billion, putting current assets at US$2.58 billion. Meanwhile, current liabilities came in at US$1.75 billion.
Restaurant Brands International last traded at $76.59 on the TSX.
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