All articles tagged with #tim hortons
Restaurant Brands International exceeded earnings and revenue expectations in Q3, driven by international growth and strong performance from Tim Hortons and Burger King, while Popeyes faced sales declines.
Restaurant Brands International reported better-than-expected earnings and revenue for the fourth quarter, driven by strong sales at Tim Hortons. The company's net income attributable to shareholders rose to $508 million, with adjusted earnings per share of 75 cents. Tim Hortons' same-store sales surged 8.4%, exceeding estimates, while Burger King and Popeyes also reported solid same-store sales growth. The company's new reporting structure separates results for its individual brands in the U.S. and Canada and groups international locations under its "international" segment.
Restaurant Brands International, the parent company of Burger King, Tim Hortons, and Popeyes, reported double-digit same-store sales growth for Burger King and Tim Hortons in the second quarter. Tim Hortons saw same-store sales growth of 11.4%, while Burger King's same-store sales rose 10.2%. The company plans to invest $400 million in Burger King's comeback in its home market. Popeyes also exceeded expectations with same-store sales growth of 6.3%.
Restaurant Brands International reported Q1 earnings and revenue that beat analysts' expectations, driven by double-digit same-store sales growth at Tim Hortons and Burger King. The company's net income rose to $277 million, and its same-store sales grew 10.3% in the quarter, with Burger King's same-store sales rising 12.3% and Tim Hortons' same-store sales climbing 13.8%. Popeyes Louisiana Kitchen also reported same-store sales growth of 5.6%, while Firehouse Subs saw its same-store sales rise 6.1% in the quarter.