Restaurant Brands International Inc
- Restaurant Brands International was nearly unchanged at $78.30 after the parent company of Tim Hortons reported better-than-expected quarterly results.
Revenue in the fourth quarter increased to $1.8 billion from $1.69 billion, net income advanced to $508 million from $229 million, and diluted earnings per share rose to $1.60 from 74 cents a year ago.
Systemwide sales across all restaurant brands rose 9.6%, slower than 11.4% in the quarter a year ago.
Consolidated comparable store sales increased 5.8%, including a 4.6% rise at international locations.
Comparable sales at Tim Hortons coffee chain rose 8.4%, Burger King increased 6.3%, Popeyes Louisiana Kitchen advanced 5.5%, and Firehouse Subs increased 3.5%.
Feb 13, 2024
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