Burger King-owner Restaurant Brands beats fourth-quarter sales estimates

By 
Reuters

Published: 2 hours ago

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Value-focused menus continue to attract budget-conscious diners, as fast‑food chains lean into affordability while pricier rivals struggle. Photo: Artem Zakharov/Getty Images Plus

Restaurant Brands reported fourth-quarter comparable sales above estimates on Thursday, helped by resilient traffic at its Burger King and Tim Hortons chains.

Value-focused menus continue to attract budget-conscious diners, as fast‑food chains lean into affordability while pricier rivals struggle.

The company’s Burger King chain introduced ‘2 for $5’ and ‘3 for $7’ value meal offers over the last year.

McDonald’s also topped estimates for its fourth-quarter global comparable sales and profit on Wednesday, helped by meal deals and strong marketing promotions.

Same-store sales at its Burger King outlets in the U.S. rose 2.6 per cent for the quarter.

It posted an adjusted profit of (U.S.) 96 cents per share for the quarter, topping estimates of 95 cents per share, according to data compiled by LSEG.

The company reported quarterly same-store sales growth of 3.1 per cent, compared with estimates of a 2.8 per cent rise.

— Reporting by Sanskriti Shekhar in Bengaluru

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