Câștiguri Restaurant Brands International (QSR) T4 2022

Restaurantul Brands International on Tuesday posted a strong fourth quarter and named Chief Operating Officer Joshua Kobza as its new chief executive, effective March 1, replacing José Cil.

“Over the past several years, the Board of Directors has worked with management to build a thoughtful succession plan for key positions, so this is a natural transition for Josh to lead our next phase of growth,” a spus președintele Patrick Doyle într-un anunț de marți.

Cil va rămâne în companie timp de un an în calitate de consilier pentru a ajuta la tranziție.

The leadership change comes as the company works to revive and expand some of its key restaurants. Restaurant Brands houses chains Burger King, Tim Hortons, Popeyes and most recently Firehouse Subs.

The company reported a slight miss on earnings, but beat on revenue compared to analyst’s expectations. As the company heads into its new fiscal year with a new CEO at the helm, it is preparing for an “accelerated pace of growth for the next five to 10 years,” Doyle said on a call with analysts.

Kobza has not yet set his official priorities as new CEO, but told CNBC that he thinks the company can “grow a lot faster in our international markets” and wants to give each of the company’s four brands “more autonomy” to invest in new areas as they see fit.

Shares of the company fell 5% in early trading Tuesday, despite the largely upbeat report.

Iată cum au evoluat Brands Restaurant în al patrulea sfert, comparativ cu ceea ce a anticipat Wall Street, pe baza unei medii a estimărilor analiștilor compilate de Refinitiv:

• Câștigurile pe acțiune ajustate: 72 de cenți față de 74 de cenți
• Venituri: Se preconizează 1.69 miliarde USD față de 1.67 miliarde USD

For the three months ended Dec. 31, the company reported net income of $336 million, or 74 cents per share, up from $262 million, or 57 cents per share, cu un an mai devreme.

Quarterly revenue of $1.69 billion marked a year-over-year increase of about 9%.

Restaurant Brands reported overall same-store sales growth of 8% during the fourth quarter and systemwide sales growth of nearly 12%.

Its flagship burger chain, Burger King, saw same-store sales growth of 8.4% during the period. In the U.S. only, sales grew by 5%. Domestic sales for the Burger King chain have sagged, especially as some franchisees struggle. At the beginning of the year, a Burger King franchise operator with locations in four states Inscrisa pentru faliment.

Compania a lucrat pentru a întineri vânzările interne ale Burger King și în luna septembrie announced a $400 million investment plan to boost Burger King advertising campaigns and renovate the chain’s restaurant locations.

At the end of the fourth quarter, the company said it had funded $30 million of that turnaround plan. Restaurant Brand executives said on a call with analysts that though they were pleased with initial turnaround outcomes, they still have “real progress that we need to make in order to continue to drive growth.”

Compania a declarat anterior că se așteaptă să culeagă beneficiile redresării în 2025.

Tim Horton’s same-store sales grew by 9.4% during the period. In Canada alone, same-store sales for the coffee brand rose 11%. The chain has been extinzându-se mai mult la nivel internațional, especially eyeing Texas and Florida to target Canadians who travel to warmer climates for the winter.

Popeyes saw same-store sales grow by 3.8%. The chain, which saw a spike in sales with its 2019 debutul sandvișului său cu pui, sa stabilizat de atunci și a înregistrat o creștere de doar 1.5% în SUA

Restaurant Brands added Firehouse Subs to its portfolio in 2021. That chain saw a 0.4% same-store sales increase during the period.

Restaurant Brands has not been immune to industrywide rising costs and losses in China and Russia. The company said it took less of a hit from Covidien-related disruptions during the fourth quarter, though it noted that it had to temporarily close some of its restaurants in markets like China that experienced a resurgence in cases.

It also said that it did not generate any new profits from Russia in 2022 and does not anticipate any in 2023 either. The company last year suspended corporate support for a large Burger King franchise in the country in light of Invazia Ucrainei de către Rusia.

Covid and the war in Ukraine have created a tough macroenvironment for the company due to foreign exchange headwinds and climbing interest rates. Restaurant Brands said Tuesday it expects “adverse impact on our business” if it cannot adjust prices to compensate for higher costs.

“We’re starting to see some moderation in inflation, which is really helpful,” Kobza told CNBC. He said that the company will be “thoughtful and cautious” as it considers its future pricing strategy.

So far, higher prices domestically have not scared away the company’s consumer base. Fast-food companies across the industry have seen cererea crescută printre clienții atenți la buget, depășind opțiunile de luat masa rapid-casual.

Branduri Yum reported a strong fourth quarter last week, mostly propped up by its Taco Bell segment as weak China sales weighed on Pizza Hut and KFC. The company credited U.S. momentum to its chains’ affordable options.

Similarly, McDonald’s profited from changes in consumer spending behavior with o creștere a veniturilor în al patrulea trimestru alimentat de prețurile mai mari ale meniului și cererea crescută.