A new Burger King restaurant under construction in Tortosa, Spain, following the current expansion of Restaurant Brands International Inc. – the parent company of BK- in new and existing markets.
Joan Cros | NurPhoto | Getty Images
Restaurant Brands International on Tuesday reported quarterly revenue that missed analysts’ expectations as domestic same-store sales growth for all four of its chains fell short of estimates.
Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG:
- Earnings per share: 93 cents adjusted. That may not compare with 95 cents expected.
- Revenue: $2.29 billion vs. $2.31 billion expected
Restaurant Brands reported third-quarter net income attributable to common shareholders of $252 million, or 79 cents per share, unchanged from a year earlier.
Excluding items, the company earned 93 cents per share.
Net sales climbed 24.7% to $2.29 billion, largely thanks to the company’s acquisitions of its largest U.S. Burger King franchisee and its Popeyes business in China earlier this year.
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