How did QSR's Q4 earnings surprise impact investor sentiment?

**QSR's Q4 earnings report had a mixed impact on investor sentiment**. Here are the key points to consider: 1. **Revenue Surpassing Estimates**: QSR's reported revenue for Q4 was $2.296 billion, which surpassed market estimates of $2.29 billion. This indicated strong revenue growth and operational performance, which typically positively influences investor sentiment. 2. **EPS Misses**: However, the company's EPS came in at $0.79, missing the estimated $0.87. This miss could be seen as a negative, as it suggests the company's profitability per share did not meet expectations. Lower EPS can lead to concerns about profitability and may negatively impact investor sentiment. 3. **Net Income Growth**: QSR's net income grew by 1.12% to $361 million. While this is a positive aspect, the growth rate might be considered modest by investors, especially compared to revenue growth, which could lead to mixed sentiment. 4. **System-Wide Sales Growth**: The company reported a 5.6% increase in system-wide sales for Q4 and a 5.4% increase for the full year 2024. This indicates steady expansion and growth potential, which is generally viewed positively by investors. 5. **Stock Reaction**: Following the earnings release, QSR's stock experienced a jump, which suggests that despite the EPS miss, the market may have reacted positively to the strong revenue and overall growth indicators. This is a testament to the company's strong market position and future growth prospects. In conclusion, while the EPS miss may have raised some concerns, the overall positive performance in revenue, net income growth, and system-wide sales, along with the stock's subsequent jump, indicate that QSR's Q4 earnings report likely had a more positive impact on investor sentiment than negative.