Restaurant Brands' Sales Miss on Burger King, Popeyes Slump [Yahoo! Finance 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: Yahoo! Finance Canada
Most Read from Bloomberg The group eked out an 0.3% gain in comparable sales, according to a statement Tuesday. Still, analysts anticipated faster growth. System-wide sales of $11.4 billion were also short of the average analyst estimate. Comparable sales declined at Burger King, Popeyes Louisiana Kitchen and Firehouse Subs, whose North America businesses are concentrated in the US. Tim Hortons, which has the bulk of its locations in Canada, was a bright spot, as was Restaurant Brands' international business. Sales by that metric fell by 0.7% at Burger King and 4% at Popeyes, while comparable sales were up by 2.3% at Tim Hortons. Chief Executive Officer Josh Kobza said in an interview that comparable sales have improved to positive low-single digits to start the fourth quarter, helped in part by more value offerings at Popeyes. Yet Kobza said that discounts and meal bundles aren't enough to woo customers. Novelty, like Burger King's Addams Family promotion featuring a purple
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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