Hot stock to watch: Restaurant Brands International Inc (NYSE: QSR)

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Restaurant Brands International Inc (NYSE: QSR) stock rose 0.8% on Feb 11th, 2019 (as of  11:38 am GMT-5; Source: Google finance) after the company posted better than expected results for the fourth quarter of FY 18. As of December 31, 2018, total debt was $12.3 billion, net debt (total debt less cash and cash equivalents of $0.9 billion) was $11.4 billion, and net leverage was 5.1x.

QSR in the fourth quarter of FY 18 has reported the adjusted earnings per share of 68 cents, beating the analysts’ estimates for the adjusted earnings per share of 67 cents, as per Zacks Investment Research. The company had reported the adjusted revenue growth of 7.4 percent to $1.39 billion in the fourth quarter of FY 18, beating the analysts’ estimates for revenue of $1.38 billion.

Moreover, for the year 2018 and fourth quarter of TH Segment, system-wide sales growth was primarily due to net restaurant growth of 2.1%. Comparable sales were 0.6% and 1.9%, including Canada comparable sales of 0.9% and 2.2%, for the year and fourth quarter, respectively. The year-over-year change in Total Revenues on an organic basis due to a decrease in company restaurant revenue (VIE deconsolidation) and a decrease in supply chain related sales in the first half of 2018, partially offset by growth in system-wide sales. Further, for the year 2018 and fourth quarter of BK Segment, system-wide sales growth was primarily due to the net restaurant growth of 6.1% as well as comparable sales of 2.0% and 1.7%, respectively, including US comparable sales of 1.4% and 0.8%, respectively.  The year-over-year change in total Revenues on an organic basis reflects system-wide sales growth, partially offset by a decrease in company restaurant revenue and a decrease in franchise related fees. For the year 2018 and fourth quarter of PLK Segment, system-wide sales growth was primarily due to the net restaurant growth of 7.3%. For the year 2018 and fourth quarter, the comparable sales were 1.6% and 0.1%, respectively, including US comparable sales of 0.9% and (0.1)%, respectively.

QSR has declared a dividend of $0.50 per common share and partnership exchangeable unit of Restaurant Brands International Limited Partnership (“RBI LP”) for the first quarter of 2019. RBI has also announced that it is targeting a total of $2.00 in dividends per common share and partnership exchangeable unit of RBI LP for 2019. During the fourth quarter, the company has completed the previously announced repurchase of 10 million partnership exchangeable units for approximately $561 million.

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