Restaurant Brands International (QSR) Q3 2023 earnings disappoint due to weaker Burger King demand
Restaurant Brands International reported weaker-than-expected quarterly revenue, primarily due to Burger King's disappointing same-store sales growth. While Burger King's same-store sales grew 7.2%, it fell short of estimates. Tim Hortons' same-store sales growth met expectations, and Popeyes outperformed expectations with a 7% growth in same-store sales. The company's net income and earnings per share also declined compared to the previous year.