Burger King's parent falls short on earnings

  • 📰 CNBC
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 72%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Burger King's parent company, Restaurant Brands International, reported earnings before the bell Monday.

Randy Risling | Toronto Star | Getty Imageson Monday reported quarterly earnings that fell short of analysts' expectations.

Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:Revenue: $1.27 billion vs. $1.26 billion expected Burger King's parent company reported fiscal first-quarter net income of $246 million, or 53 cents per share, down from $278.6 million, or 59 cents per share, a year earlier.

Excluding items, Restaurant Brands earned 55 cents per share, missing the 58 cents per share expected by analysts surveyed by Refinitiv.

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:

 /  🏆 12. in ZA
 

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

no surprise, I have complained about food prep workers wearing their gloves at their station --away from their station ---touching their face, their clothes and never change them...as if theyre for THEIR protection and not MINE....filthy practice...

Good. We need to completely transform the economy in order to survive.

South Africa South Africa Latest News, South Africa South Africa Headlines