Oakville, Ont. – Restaurant Brands International reported positive financial results for the third quarter ended Sept. 30 fuelled by Burger King’s strong sales and net restaurant growth.
“During the third quarter, we continued to grow each of our three iconic brands all around the world. Burger King’s strong momentum continued in the U.S. and internationally, both in terms of comparable sales and net restaurant growth,” said Daniel Schwartz, chief executive officer of Restaurant Brands International in a news release.
“At Tim Hortons, we began to see the positive impact of our recent initiatives, including the roll out of our espresso-based beverage platform, as well as our mobile app launch. We made further progress integrating Popeyes, and we continue to be very excited about the growth prospects for the brand in the U.S. and around the world.”
Third-quarter highlights for the company include total revenues of $1,208.6 million versus $1,075.7 million in prior year period, net income of $91.4 million versus $86.3 million in prior year period, and comparable sales, in constant currency, of 0.3 per cent at Tim Hortons, 3.6 per cent at Burger King, and 1.8 per cent (unaudited) at Popeyes Louisiana Kitchen.
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