NEW YORK (TheStreet) -- Restaurant Brands International (QSR) - Get Report stock is advancing 6.22% to $34 in pre-market trading on Tuesday after the parent company of Burger King and Tim Hortons reported results that exceeded expectations for the 2015 fourth quarter.
The Canadian company reported earnings of 35 cents per share for the quarter ended December 31, beating estimates of 30 cents per share. Revenue totaled $1.06 billion for the latest quarter, surpassing expectations of $1.03 billion.
Comparable store sales were up 6.3% at Tim Hortons locations, while Burger King comparable store sales increased 3.9%.
For the full year, comparable stores sales grew more than 5% at both chains, driven by "successful product launches combined with significant net restaurant growth," CEO Daniel Schwartz said in a statement.
Restaurant Brands posted earnings of $1.18 per share on $4.05 billion in revenue for the full 2015. Wall Street was anticipating the company to post a profit of $1.11 per share on $4.03 billion in revenue for the year.
Separately, Restaurant Brands has a "hold" rating and a letter grade of C at TheStreet Ratings because of the company's strengths, such as robust revenue growth, compelling growth in net income and good cash flow from operations, and its weaknesses, including disappointing return on equity, disappointing stock performance and generally higher debt management risk.
You can view the full analysis from the report here: QSR
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