Restaurant Brands International on Thursday reported mixed quarterly results as Popeyes' struggles offset Burger King's successful U.S. turnaround .
Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG:
Restaurant Brands reported fiscal third-quarter net income attributable to common shareholders of $542 million, or $1.54 per share, up from $315 million, or 96 cents per share, a year earlier.
Excluding certain non-cash items, the company earned $1.10 per share.
Net revenue rose 3.1% to $2.53 billion. Across all of its restaurants, the company reported same-store sales growth of 3.8%.
Burger King was the top performer, with U.S. same-store sales growth of 8.4%. The burger chain's home market is in the middle of multiyear turnaround, with a focus on improving its food and restaurants.
Tim Hortons reported same-store sales growth of 1.8% in Canada, its home market.
Popeyes was once again the laggard of Restaurant Brands' portfolio. The fried chicken chain's U.S. same-store sales fell 2.2%.
In recent quarters, Popeyes has struggled as other chicken rivals have lured its customers away with discounts. Restaurant Brands is trying to stage a comeback with improved restaurant operations and a focus on its core menu.
The company's international business saw same-store sales growth of 3.9%, fueled by its Burger King locations.
