By Brian M. Reiser Restaurant Brands International Inc. (NYSE: QSR) reported earnings yesterday morning on February 10th, topping analysts’ expectations. As a result, Restaurant Brands International (RBI) stock popped up briefly from a $63.84 close on Friday to $65.91 at 10:00 A.M. before dropping back down to trade around $64 in the late morning.
It closed on the day at $65.68 and opened today at $65.80.
Restaurant Brands International Fourth Quarter Results
The company reported quarterly sales growth of 9.9% in 2019 Q4. This was largely driven by 42% growth in sales from subsidiary restaurant unit Popeyes. The popularity of its previously viral new chicken sandwich was …read more
