Burger King parent Restaurant Brands falls short of third-quarter expectations [MSNBC.com]
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: MSNBC.com
Restaurant Brands InternationalHere's what thecompany reported per share: 93 cents adjusted vs. 95 cents expectedThe company's worldwide same-store sales grew just 0.3% in the quarter. Burger King, Firehouse Subs and Popeyes all reported same-store sales declines in their home markets.But so far in the fourth quarter, same-store sales trends have improved."October now is, for the whole business, positive, low-single digits of same-store sales, which is an improvement from what we saw in [the third quarter]," CEO Josh Kobza told CNBC.He credited more successful marketing promotions and better consumer sentiment in the U.S. for the improvement in sales."If you look at some of the things that really drive finances for our guests, everything from gas prices are down, interest rates are starting to go down, inflation has really started to moderate a fair bit," Kobza said.Burger King's same-store sales fell 0.7% during the three-month period that ended Sept. 30. Analysts had expected the me
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QSR
Earnings
- 11/5/24 - Miss
QSR
Sec Filings
- 11/5/24 - Form 10-Q
- 11/5/24 - Form 10-Q
- 11/5/24 - Form 8-K
- QSR's page on the SEC website