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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 2.08B | 19.6% |
Gross Profit | 1.88B | 106.6% |
Cost of Revenue | 198M | 76.1% |
Operating expense | 198M | 10.8% |
Net Income | 280M | 21.7% |
EBITDA | 569M | 13.8% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 24.8B | 7.4% |
Total Liabilities | 19.9B | 8.7% |
Total Equity | 3.07B | 3.3% |
Shares Outstanding | 317M | 0.2% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 334M | 125.7% |
Cash from investing | -528M | 1603.2% |
Cash from financing | 91M | 144.8% |
EPS
Financial Highlights for Restaurant Brands International in Q2 '24
Restaurant Brands International reported a revenue of 2.08B, which is a 19.6% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 1.88B, marking a 106.6% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 198M, a -76.1% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 198M, showing a -10.8% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 280M, showing a 21.7% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 569M, showing a 13.8% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Restaurant Brands International with growth in revenue, gross profit, and net income.