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Restaurant Brands International beats estimates due to high sales at Burger King
By Shubhangi Mathur - Aug 04, 2022, 01:14 PM ET
Last Updated - Jul 18, 2023, 04:37 PM EDT
The company posted revenue of $1.64 billion in the second quarter
Restaurant Brands International Inc (NYSE: QSR) topped Wall Street estimates on Thursday due to growth in international sales at Burger King.
The company said same-store sales were flat at Burger King and Popeyes in the US.
In the second quarter, the company posted revenue of $1.64 billion, compared to estimates of $1.57 billion, according to Refinitiv.
Shares of the company were up 5% in morning trading.
The company also beat earnings expectations as it posted earnings per share of 82 cents adjusted, compared to estimates of 73 cents.
Picture Credits: Getty Images
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