Burger King’s Parent Beats Estimates as Chicken Fries Help Sales

By Publications Checkout
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

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