Restaurant Brands International reported quarterly earnings and revenue that beat expectations, driven by international growth and Tim Hortons success. Despite consumer spending trends, Burger King’s U.S. restaurants performed well. Earnings per share were $1.03 vs. $1 expected, revenue was $2.45 billion vs. $2.4 billion expected, with net sales up 6.9% and same-store sales growing 4%.

Tim Hortons saw same-store sales growth of 4.2%, focusing on food offerings and improved iced lattes. Burger King’s same-store sales rose by 3.1%, benefiting from a turnaround strategy in the U.S. with restaurant renovations and marketing core menu items. Popeyes was the only division with declining same-store sales, focusing on operational improvements and core menu items.

Read more at CNBC: Restaurant Brands International (QSR) Q3 2025 earnings