U.S. comparable sales at Burger King rose 8.5%, beating expectations, though overall revenue of $2.52 billion fell short of forecasts.
Restaurant Brands International reported mixed quarterly results as Burger King’s U.S. comparable sales jumped 8.5%, exceeding the 3.5% estimate and marking its strongest performance in years. The gain outpaced McDonald’s 0.8% increase and extended a trend of recovery driven by value-focused promotions like “2 for $5” and “3 for $7” deals, alongside extensive remodels and marketing investments.
Global comparable sales reached 3.8%, slightly above the 3.0% consensus, but revenue of $2.52 billion missed expectations. Adjusted earnings per share rose to $1.07 from $0.94 a year earlier. Tim Hortons, however, posted a 0.1% increase in Canadian comparable sales, well below the 1.5% forecast and last year’s 3.6% growth.
The results highlight Burger King’s turnaround progress but underscore ongoing challenges at Tim Hortons, which contributes 41% of the company’s operating income.