Final hours! Save up to 50% OFF InvestingProCLAIM SALE

UPDATE 1-Restaurant Brands profit beats estimates as Burger King shines

Published 2017-10-26, 06:57 a/m
© Reuters.  UPDATE 1-Restaurant Brands profit beats estimates as Burger King shines
QSR
-

(Adds comparable sales details, background)

Oct 26 (Reuters) - Canada's Restaurant Brands International Inc QSR.TO on Thursday reported a quarterly profit that blew past estimates, helped by continued demand at its Burger King chain.

Comparable sales at Burger King, which is known for its Whopper burgers and onion rings, rose 3.6 percent in the third quarter ended Sept. 30.

Analysts on average had expected a rise of 2.6 percent, according to research firm Consensus Metrix.

Restaurant Brands, which bought Popeyes Louisiana Kitchen in February, said total revenue rose 12.4 percent to $1.21 billion, with sales rising across its businesses.

Net profit attributable to shareholders rose 6 percent to $91.4 million, or 37 cents per share. items, the company earned 58 cents per share, beating analysts' estimates by 9 cents, according to Thomson Reuters I/B/E/S.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.