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Burger King parent Restaurant Brands tops quarterly sales estimates
2022.05.03 14:01
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A Burger King logo is seen at a restaurant in Bangkok, Thailand, August 26, 2020. REUTERS/Jorge Silva
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(Reuters) – Restaurant Brands International (NYSE:QSR) Inc, beat estimates for quarterly revenue on Tuesday, boosted by higher prices and increased traffic at the Burger King parent’s restaurant chains as more consumers stepped out of their homes and resumed pre-pandemic habits.
Total revenue rose to $1.45 billion in the first quarter ended March 31, from $1.26 billion a year earlier. Analysts on average were expecting revenue of $1.39 billion, according to Refinitiv IBES data.
