Earnings

Restaurant Brands’ sales rise, fueled by Burger King and Tim Hortons growth

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Burger King fast food restaurant with menu and customers.
Jeff Greenberg | Universal Images Group | Getty Images

Restaurant Brands International on Tuesday reported double-digit same-store sales growth at Burger King and Tim Hortons for its second quarter.

Shares of the company were roughly unchanged in premarket trading.

Here’s what the company reported for the quarter ended June 30:

  • Earnings per share: 85 cents adjusted. It was not clear if the number compared to the 77 cents per share expected by analysts surveyed by Refinitiv.
  • Revenue: $1.78 billion. It was not clear if the figure compared to Wall Street estimates of $1.75 billion.

Restaurant Brands reported second-quarter net income of $351 million, or 77 cents per share, up from $346 million, or 76 cents per share, a year earlier.

Excluding items, the company earned 85 cents per share.

Net sales rose 8.3% to $1.78 billion.

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