Restaurant Brands’ sales rise, fueled by Burger King and Tim Hortons growth

Earnings

In this article

Burger King fast food restaurant with menu and customers.
Jeff Greenberg | Universal Images Group | Getty Images

Restaurant Brands International on Tuesday reported double-digit same-store sales growth at Burger King and Tim Hortons for its second quarter.

Shares of the company were roughly unchanged in premarket trading.

Here’s what the company reported for the quarter ended June 30:

  • Earnings per share: 85 cents adjusted. It was not clear if the number compared to the 77 cents per share expected by analysts surveyed by Refinitiv.
  • Revenue: $1.78 billion. It was not clear if the figure compared to Wall Street estimates of $1.75 billion.

Restaurant Brands reported second-quarter net income of $351 million, or 77 cents per share, up from $346 million, or 76 cents per share, a year earlier.

Excluding items, the company earned 85 cents per share.

Net sales rose 8.3% to $1.78 billion.

Articles You May Like

Activist Elliott settles for a new director at Sensata. These next steps may help boost shares
Is it time to rethink the 4% retirement withdrawal rule? Experts weigh in
McDonald’s is working to introduce a $5 value meal
The European Election and Tax Policy: Mapping Tax Policy Visions across European Political Groups
An art market full of cracks is about to face a $1 billion test