Burger King's US Sales Beat Forecasts as Store Renovations Pay Off [BNN Bloomberg (Canada)]
Restaurant Brands International Inc. Common Shares (QSR)
Last restaurant brands international inc. common shares earnings: 5/1 06:30 am
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Source: BNN Bloomberg
The chain, which is in the second year of a project to remodel locations, bolster advertising and reduce customer complaints, said same-store sales in the US and Canada grew 3.8%. The results surpassed the average estimate of analysts polled by Bloomberg. Burger King's parent company, Restaurant Brands International Inc., also posted overall same-store sales that beat expectations. Earnings, excluding some items, were 73 cents per share, virtually in-line with estimates. Restaurant Brands also owns Tim Hortons, Popeyes Louisiana Kitchen and Firehouse Subs. Burger King, founded in 1954, has become a focus at Restaurant Brands after it fell behind rivals such as Wendy's Co. after years trailing McDonald's Corp. The chain is improving its US locations and working on customer service. For example, employees are now required to offer cardboard crowns to each diner without exception. The company plans to acquire its largest franchisee, Carrols Restaurant Group Inc., in a $1 billion d
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QSR
Earnings
- 4/30/24 - Beat
QSR
Sec Filings
- 5/17/24 - Form PX14A6G
- 5/16/24 - Form 8-K
- 5/16/24 - Form 8-K
- QSR's page on the SEC website