Stock Market News
Restaurant Brands tops quarterly revenue estimates
2023.08.08 06:38
© Reuters. FILE PHOTO: A man walks past a store front poster advertising the opening of a cafe of the Canadian coffee and fast food chain Tim Hortons in Beijing, China, July 6, 2020. Picture taken July 6, 2020. REUTERS/Thomas Peter/File Photo
(Reuters) – Restaurant Brands International (NYSE:) topped market estimates for quarterly sales on Tuesday, driven by growing demand at its Burger King chain and steady traffic at Tim Hortons.
Total revenue rose to $1.78 billion in the second quarter from $1.64 billion a year earlier. Analysts on average had expected revenue of $1.75 billion, according to Refinitiv data.
