Tim Hortons parent Restaurant Brands tops quarterly sales estimates as company sees boost in traffic

📆 5/3/2022 8:05 AM
📰 globeandmail

⏱ Reading Time:
12 sec. here
2 min. at publisher
📊 Quality Score:
News: 8%
Publisher: 92%

United States News News

United States United States Latest News,United States United States Headlines

Restaurant Brands’ total revenue rose to $1.45-billion in the first quarter ended March 31, from $1.26-billion a year earlier

, beat estimates for quarterly revenue on Tuesday, boosted by higher prices and increased traffic at the Tim Hortons and Burger King parent’s restaurant chains as more consumers stepped out of their homes and resumed pre-pandemic habits.

The price hikes have helped the company cushion a hit from a decline in comparable sales at its Popeyes chain, which is grappling with staffing shortages and stiff competition from rivals launching similar menu items.

Write Comment

Ford must love this! VoteFordOut2022

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:

United States United States Latest News, United States United States Headlines

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

Shopify earnings outlook sinks as ecommerce worries mountAnalysts are cautioning that online traffic growth seen during the pandemic may not prove sustainable for companies such as Shopify Let help you solve 1. Choosing A Comfortable Niche 2. Confusing Codes 3. Motivation 4. Attracting The Right Traffic 5. Low Sales Numbers 6. Creating Content 7. Understanding Your Competition 8. Over/Underselling 9. Avoiding Perfectionism business NFT
Source: globeandmail - 🏆 5. / 92 Read more »