At Extreme Investor Network, we dive deep into the world of stocks and trading to bring you the latest insights and trends. Today, we’re looking at the latest news from Restaurant Brands International (QSR), the company known for Burger King, Popeyes, Tim Hortons, and Firehouse Subs.
Despite being a powerhouse in the fast-food industry, Restaurant Brands International fell short of Wall Street’s expectations in their recent earnings report. With adjusted EPS of 93 cents compared to the estimated 95 cents, and revenue of $2.29 billion just below the $2.31 billion target, investors are keeping a close eye on the company’s performance.
One key area of concern is the marginal increase in same-store sales, which rose just 0.3%. Burger King, Popeyes, and Firehouse Subs all faced challenges with domestic declines, with Burger King’s U.S. same-store sales dropping by 0.7%. Popeyes and Firehouse Subs also reported declines of 4% and 4.8% respectively.
On the positive side, Tim Hortons stood out with a 2.3% increase in Canadian same-store sales. This success story for Tim Hortons offers a glimmer of hope for Restaurant Brands International, but the company’s future success heavily relies on revitalizing Burger King and Firehouse Subs to drive sustained growth.
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