Restaurant Brands earnings top estimates, fueled by Tim Hortons and international growth

Restaurant Brands International exceeded Wall Street expectations with impressive Q3 results, driven by robust international performance and steady gains at Tim Hortons. The company reported adjusted earnings per share of $1.03, beating analysts' predictions, and revenue of $2.45 billion, also higher than expected. International division same-store sales surged 6.5%, while Tim Hortons saw a solid 4.2% growth. Burger King also performed well, with US same-store sales rising 3.1%. However, Popeyes faced a decline of 2.4% due to intense competition. Shares rose 3% in premarket trading, indicating positive investor reactions.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.