Burger King parent beats fourth-quarter estimates on strong demand
Restaurant Brands , beat fourth-quarter profit and sales estimates on Wednesday, as promotions boosted performance at Burger King while Tim Hortons benefited from steady demand for its Double Double and Iced Capp coffee.
Burger King, Tim Hortons propel parent company's growth
Burger King’s parent company, Restaurant Brands International Inc., also posted same-store sales that beat estimates. The growth was led by the company’s international division and by Tim Hortons’ North America business, with its Canada-heavy footprint. Firehouse Subs eked out a gain in the U.S. and Canada, while Popeyes declined slightly.
Burger King parent Restaurant Brands beats quarterly estimates for profit and revenue on strong demand
Burger King has been offering combo options for as little as $5 and $7, which has helped it bring back some traffic in the last six months.
Burger King Parent Restaurant Brands Beats Revenue Estimates on Strong Demand
Value offers from fast food chains over the past six months have helped attract price-conscious consumers. Burger King, like McDonald's and Taco Bell-parent Yum Brands, has been offering combo options for as less as $5 and $7. The company's Tim Hortons chain has benefited from several quarters of strong growth in revenue, particularly in Canada.
Burger King Parent Restaurant Brands Fourth-Quarter Results Top Views
Restaurant Brands International (QSR) reported stronger-than-expected fourth-quarter results on Wednesday, driven by comparable sales gains at Tim Hortons and Burger King. Revenue climbed to $2.3 billion for the three months ended Dec.
Restaurant Brands targets 8%+ AOI growth for 2025 backed by Tim Hortons expansion and Burger King remodels
CEO Josh Kobza highlighted that the company achieved 9% organic adjusted operating income growth for 2024, driven by comparable sales growth of 2.3%, net restaurant growth of 3.4%, and system-wide sales expansion of 5.
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