News Formal

Tim Hortons, Burger King lift Restaurant Brands earnings

  • 📰 CTVNews
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 99%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Restaurant Brands International Inc beat Wall Street estimates for first-quarter revenue and profit on Tuesday, boosted by higher traffic and prices at Tim Hortons restaurants in Canada despite closures of some U.S. Burger King locations.

Burger King and Tim Hortons products are pictured in North Vancouver, Thursday, Sept. 25, 2014. THE CANADIAN PRESS/Jonathan Hayward

Big restaurant chains have posted strong sales in the first quarter despite rising concerns about consumer spending power this year amid stubbornly high inflation. In the first quarter, Burger King closed a net 124 U.S. locations or 1.7 per cent, to end the quarter with just under 7,000 U.S. restaurants, according to its earnings release.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tim Hortons parent Restaurant Brands tops earnings estimates as sales surge - National | Globalnews.caRestaurant Brands International Inc. reported a first-quarter profit of US$277 million, up from US$270 million a year earlier, as its revenue also climbed higher.
Source: GlobalNational - 🏆 81. / 51 Read more »