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.
Restaurant Brands International on Tuesday reported quarterly earnings and revenue that missed analysts' expectations as domestic same-store sales growth for all four of its chains fell short of Wall Street estimates.
Burger King, Firehouse Subs and Popeyes all reported same-store sales declines in their home markets.
But the Canadian coffee chain still fell short of Wall Street's same-store sales growth expectations of 4.1%, based on StreetAccount estimates.
Outside of the U.S. and Canada, Restaurant Brands' international same-store sales rose 1.8% in the quarter, just shy of estimates of 2.2%.
Persons:
Burger, Popeyes, Tim Hortons
Organizations:
Burger King, Restaurant Brands, Inc, BK, LSEG, Brands
Locations:
Tortosa, Spain, China, U.S, Canada