Restaurant Brands International (QSR) has reported first quarter earnings and revenue that
beat analysts’ expectations, fueled by strong same-store sales growth from its Burger King
restaurant chain.
The Toronto-based company that owns and operates Tim Hortons, Burger King, Popeyes and
Firehouse Subs, reported earnings per share (EPS) of $0.64 U.S. compared to $0.63 U.S.
expected by analysts.
Revenue amounted to $1.45 billion U.S. versus $1.41 billion U.S. that was expected on Wall
Street. Restaurant Brands International reported first-quarter net income of $270 million U.S.,
down from $271 million U.S. a year earlier for the quarter.
The company said its Q1 earnings got a lift from strong overseas sales at its Burger King
outlets. Year to date, Restaurant Brands International’s stock is down 2% at $73.33 per share.
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