Strong results from Burger King, Popeyes carry Restaurant Brands higher
Restaurant Brands International shares climbed after the company reported better-than-expected quarterly sales Wednesday, driven by growth at Burger King and Popeyes.
Restaurant Brands, which also owns Tim Horton’s, started reported declining same-store sales across its brands about a year ago. But in the last three months of 2024, same-store sales at Burger King and Popeyes ticked up and stayed flat at Tim Horton’s.
That led to an overall same-store sales increase of 2.5% for the latest quarter, topping the 1.6% that had been expected by analysts polled by FactSet. The company also reported earnings per share of $0.81, compared to the $0.78 analysts expected.
That led to an overall same-store sales increase of 2.5% for the latest quarter, topping the 1.6% that had been expected by analysts polled by FactSet. The company also reported earnings per share of $0.81, compared to the $0.78 analysts expected.
