Restaurant Brands International earnings top estimates, fueled by stronger Tim Hortons, Burger King sales

A sign is posted in front of a Burger King restaurant on February 15, 2022 in Daly City, California.

Justin Sullivan | Getty Images

Burger King parent company Restaurant Brands International on Thursday reported quarterly earnings and revenue that topped Wall Street’s expectations, fueled by same-store sales growth at all three of its chains that was better than expected.

Shares of the company fell less than 1% in premarket trading.

Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:

Earnings per share: 82 cents adjusted vs. 73 cents expected
Revenue: $1.64 billion vs. $1.57 billion expected

Restaurant Brands reported second-quarter net income attributable to shareholders of $236 million, or 76 cents per share, down from $259 million, or 84 cents per share, a year earlier.

Excluding items, the company earned 82 cents per share.

Net sales rose 14% to $1.64 billion.

Source

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