Market News

Burger King parent earnings beat estimates as revenue climbs 15%


In this article


In this photo illustration, a Burger King Whopper hamburger is displayed on April 05, 2022 in San Anselmo, California. A federal lawsuit has been filed and is seeking class-action status alleging that fast food burger chain Burger King is misleading customers with imagery that portrays its food, including the Whopper burger, as being much larger than what is actually being served to customers.
Justin Sullivan | Getty Images

Restaurant Brands International on Tuesday reported quarterly earnings and revenue that beat analysts’ expectations, fueled by strong same-store sales growth from Burger King’s overseas restaurants.

Shares of the company were flat in premarket trading.

Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:

Earnings per share: 64 cents adjusted vs. 63 cents expectedRevenue: $1.45 billion vs. $1.41 billion expected

Restaurant Brands reported first-quarter net income of $270 million, or 59 cents per share, down from $271 million, or 58 cents per share, a year earlier.

Excluding items, the company earned 64 cents per share, topping the 63 cents per share expected by analysts surveyed by Refinitiv.

Net sales rose 15.2% to $1.45 billion, beating expectations of $1.41 billion.

I inherited ‘a sizable amount’ from my mother. A financial adviser took me out for a free meal at an investment seminar and made ‘some good, interesting points.’ Should I be wary?

Previous article

Sell Tyson and Kellogg as inflation pushes consumers to cut spending, Piper Sandler says

Next article

You may also like


Leave a reply

Your email address will not be published. Required fields are marked *

More in Market News