QSR stock is in the red today after Tim Hortons reported lackluster quarterly results, failing to impress investors in parent company Restaurant Brands International Inc (TSX:QSR) (NYSE:QSR).
Restaurant Brands, which also counts Burger King and Popeye’s among its portfolio of assets, reported fiscal third-quarter net income of $351 million USD, or 75 cents per share, up from $250 million USD, or 53 cents per share, a year earlier. While these figures matched Wall Street’s estimates following a strong quarter from Burger King and Popeye’s, revenue of $1.46 million USD narrowly missed the beat. Tim Hortons accounts ...
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