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Burger King’s parent falls short on earnings

Burger King's parent falls short on earnings

FINANCIAL NEWS

Burger King’s parent falls short on earnings


Restaurant Brand International restaurants’ Tim Hortons and Popeyes.

Randy Risling | Toronto Star | Getty Images

Restaurant Brands International on Monday reported quarterly earnings that fell short of analysts’ expectations.

Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:

  • Earnings per share: 55 cents, adjusted, vs. 58 cents expected
  • Revenue: $1.27 billion vs. $1.26 billion expected

Burger King’s parent company reported fiscal first-quarter net income of $246 million, or 53 cents per share, down from $278.6 million, or 59 cents per share, a year earlier.

Excluding items, Restaurant Brands earned 55 cents per share, missing the 58 cents per share expected by analysts surveyed by Refinitiv.

Net sales rose 1% to $1.27 billion, beating expectations of $1.26 billion.



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