Restaurant Brands International reported mixed quarterly results, with shares falling over 4%. Earnings per share were 94 cents, revenue was $2.41 billion, and net sales climbed 16%. Same-store sales increased 2.4%, with Tim Hortons up 3.4% and Burger King up 1.3%. Popeyes saw a 1.4% decline in same-store sales.CEO Josh Kobza noted a “modest improvement” in consumer environment. Restaurant Brands aims to upgrade 85% of Burger King’s U.S. footprint by 2028. Popeyes plans to boost sales with new innovations and operational improvements. Fast-food chains are focusing on chicken offerings amid rising beef prices, putting pressure on competitors like Popeyes and Chick-fil-A. Restaurant Brands reiterated its forecast for the full year, expecting to spend between $400 million and $450 million on capital expenditures and aiming for 3% same-store sales growth and 8% organic adjusted operating income growth on average between 2024 and 2028.

Read more at CNBC: Restaurant Brands International (QSR) Q2 2025 earnings