Restaurant Brands earnings beat estimates, fueled by strong Tim Hortons sales
Publishing timestamp: 2024-02-13 08:07:49
Summary
Restaurant Brands International, the owner of Burger King and Tim Hortons, reported better-than-expected earnings and revenue for the fourth quarter. Tim Hortons outperformed expectations for same-store sales growth, while Burger King saw growth in its U.S. business. The company also acquired Burger King's largest U.S. franchisee to help with renovations. Popeyes and international locations also saw positive same-store sales growth.
Sentiment: POSITIVE
Keywords: business news, breaking news: markets, restaurant brands international inc, breaking news: business, retail industry, carrols restaurant group inc, business, earnings, markets, lifestyle, restaurants, dividends,
Source: https://www.cnbc.com/2024/02/13/restaurant-brands-international-qsr-q4-2023-earnings.html