From CNBC: 2024-11-05 08:35:35

Restaurant Brands International Inc., the parent company of Burger King, reported quarterly earnings and revenue below expectations. Worldwide same-store sales grew by just 0.3% in the quarter, with declines reported by Burger King, Firehouse Subs, and Popeyes in home markets. However, fourth-quarter same-store sales trends have improved, credited to successful marketing promotions and consumer sentiment in the U.S. Burger King’s same-store sales fell 0.7%, Popeyes declined by 4%, Firehouse Subs by 4.8%, and Tim Hortons saw growth of 2.3%. International same-store sales rose by 1.8% outside the U.S. and Canada. The company reported net income of $252 million, or 79 cents per share, unchanged from a year earlier, with net sales climbing 24.7% to $2.29 billion due to recent acquisitions.



Read more at CNBC: Restaurant Brands International (QSR) earnings Q3 2024