A Burger King restaurant is seen on October 25, 2024 in New York City.
Michael M. Santiago | Getty Images
Restaurant Brands International on Thursday reported quarterly earnings and revenue that missed analysts’ expectations as same-store sales of Popeyes, Burger King and Tim Hortons declined.
Shares of the company fell more than 2% in premarket trading.
Here’s what Restaurant Brands reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG:
- Earnings per share: 75 cents adjusted vs. 78 cents expected
- Revenue: $2.11 billion vs. $2.13 billion expected
Restaurant Brands reported first-quarter net income attributable to shareholders of $159 million, or 49 cents per share, down from $230 million, or 72 cents per share, a year earlier.
Excluding items, the company earned 75 cents per share.
Net sales climbed 21% to $2.11 billion.
