UPDATE 3-Popeyes sandwiches fuel Restaurant Brands beat, Tim Hortons disappoints [Reuters]
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: Reuters
Popeyes drives Restaurant Brands' quarterly beat, Tim Hortons disappoints (Reuters) - Restaurant Brands International Inc’s ( QSR.TO ) ( QSR.N ) quarterly results beat market expectations on Monday, helped by the popularity of its fried chicken sandwiches at Popeyes, even as its breakfast chain Tim Hortons continued to struggle. At Popeyes, same-store sales surged 34.4%, helped by the relaunch of a hugely popular fried chicken sandwich in November, which had earlier caused outright shortages at restaurants. Analysts were expecting a growth of 12.34% at the chain, according to IBES data from Refinitiv. Comparable sales at Tim Hortons, Restaurant Brands’ biggest business by revenue, declined 4.3% in the reported quarter, falling below the estimate of a 2.44% drop. The chain, popular in Canada even before Burger King bought it to create Restaurant Brands in 2014, launched a plant-based breakfast sandwich with Beyond Meat ( BYND.O ) sausages in Canada last year to woo more customers
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QSR
Earnings
- 2/13/24 - Beat
QSR
Sec Filings
- 4/12/24 - Form 8-K/A
- 4/12/24 - Form 8-K/A
- 4/8/24 - Form 4
- QSR's page on the SEC website