An indication is posted in front of a Burger King restaurant on February 15, 2022 in Daly City, California.
Justin Sullivan | Getty Images
Burger King parent company Restaurant Brands International on Thursday reported quarterly earnings and revenue that topped Wall Street’s expectations, fueled by same-store sales growth in any respect three of its chains that was higher than expected.
Shares of the corporate fell lower than 1% in premarket trading.
Here’s what the corporate reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:
- Earnings per share: 82 cents adjusted vs. 73 cents expected
- Revenue: $1.64 billion vs. $1.57 billion expected
Restaurant Brands reported second-quarter net income attributable to shareholders of $236 million, or 76 cents per share, down from $259 million, or 84 cents per share, a yr earlier.
Excluding items, the corporate earned 82 cents per share.
Net sales rose 14% to $1.64 billion.