Burger King parent Restaurant Brands falls short of Q3 revenue expectations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 05 2024
0mins
Earnings Report Overview: Restaurant Brands International reported third-quarter earnings of 93 cents per share and revenue of $2.29 billion, both falling short of analyst expectations, with same-store sales growth across its chains only increasing by 0.3%.
Chain Performance Insights: While Tim Hortons showed a modest growth of 2.3% in same-store sales, other brands like Burger King, Popeyes, and Firehouse Subs experienced declines, indicating challenges in consumer spending and competition within the fast-food sector.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
