trending Market Intelligence /marketintelligence/en/news-insights/trending/zW_zmuI8chsPTclZkxmeOA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Restaurant Brands International LP swings to profit in Q3

Which Companies Win from Decarbonizing Electricity?

Mining Exploration Insights - November 2020

Southeast Asian broadband providers report varying performance amid COVID-19

Cable networks react to pandemic by cutting SG&A, programming costs


Restaurant Brands International LP swings to profit in Q3

Restaurant Brands International LP said its normalized net income for the third quarter came to 34 cents per share, compared with a loss of 2 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $157.2 million, compared with a loss of $6.1 million in the year-earlier period.

The normalized profit margin climbed to 15.6% from negative 2.2% in the year-earlier period.

Total revenue grew 265.6% on an annual basis to $1.02 billion from $278.9 million, and total operating expenses rose 135.1% on an annual basis to $640.4 million from $272.4 million.

Reported net income totaled $114.5 million, or 25 cents per share, compared with a loss of $23.5 million, or a loss of 7 cents per share, in the prior-year period.