Burger King’s Parent Beats Estimates as Chicken Fries Help Sales
Restaurant Brands International, owner of the Burger King and Tim Hortons restaurant chains, posted second-quarter profit that topped analysts’ estimates after luring customers with new deals and retro favourites.
Profit was 30 cents a share, excluding some items, the Ontario-based company said Monday in a statement. Analysts predicted 25 cents on average, according to data compiled by Bloomberg.
Restaurant Brands, the world’s third-largest fast-food company, used deals and added menu items like the extra long pulled pork sandwich and the cult-classic chicken fries to boost revenue at Burger King. The burger chain’s same-store sales gained 6.7 percent in the quarter. Analysts estimated 4.3 per cent, according to Consensus Metrix.
News by Bloomberg, edited by Hospitality Ireland