Restaurant Brands (QSR) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

Restaurant Brands (QSR) posted a split Q3 2026 print: an EPS beat paired with a slight revenue miss against Wall Street estimates.

Revenue came in at $2.53 billion, up 3.1% year over year, landing marginally below consensus. EPS of $1.10 rose 6.8% from a year ago and topped expectations. The earnings beat against a revenue shortfall suggests profit growth outpaced top-line growth, since EPS grew at roughly double the pace of sales (interpretation based on the reported figures).

Brand-level comparable sales told the real story. Burger King delivered +8.3% comps, a strong result that carried the quarter. Popeyes moved the other way, declining 1.8%. That divergence shows the portfolio is leaning heavily on one banner while another loses traffic or sales momentum.

Zacks Investment Research assigns QSR a Zacks Rank #3 (Hold), which signals no strong estimate-revision momentum in either direction.