QSR - Burger King Parent Restaurant Brands' Misses On Q3 Topline Hit By Slowing Comps Growth | Benzinga
Restaurant Brands International Inc (NYSE: QSR) reported third-quarter FY23 sales growth of 6.4% year-on-year to $1.837 billion, missing the analyst consensus estimate of $1.874 billion.
Consolidated comparable sales increased 7%, and net restaurants grew 4.2% versus the prior year. System-wide sales increased 10.9%.
Comparable sales for Tim Horton rose 6.8%, Burger King increased 7.2%, and Popeyes Louisiana Kitchen grew 7%.
Revenue for Tim Horton's climbed ...