Burger King parent's earnings beat estimates as systemwide sales top 2019 levels

Jose Cil, CEO of Restaurant Brands International, speaks during an interview with CNBC on the floor at the New York Stock Exchange, November 6, 2019.on Friday reported quarterly earnings that topped Wall Street's expectations as its systemwide sales surpassed 2019 levels.Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:Revenue: $1.26 billion vs. $1.

The company reported fiscal first-quarter net income of $270 million, or 58 cents per share, up from $224 million, or 48 cents per share, a year earlier. Excluding items, Restaurant Brands earned 55 cents per share, beating the 50 cents per share expected by analysts surveyed by Refinitiv.rose 2.9% to $1.26 billion, beating expectations of $1.25 billion. The company said that the revenue increase was primarily driven by favorable foreign currency movements.

Well at least they have the impossible burger, a step forward for the planet, oh and they're good too.

Too bad

thanks

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