Signs for Burger King and Tim Hortons locations in Ottawa, Ontario. / <a href='Sean Kilpatrick'>The Canadian Press via AP</a> Signs for Burger King and Tim Hortons locations in Ottawa, Ontario. / <a href='Sean Kilpatrick'>The Canadian Press via AP</a>
Chains

Restaurant Brands International Shows Impressive Earnings in the U.S.

The company that runs Burger King and Tim Hortons put up some big third-quarter numbers with strong sales at the home of the Whopper in the U.S.

Restaurant Brands earned $91.4 million, or 37 cents per share, for the three months ended Sept. 30. Earnings, when the extinguishment of debt and other one-time costs are removed, were 58 cents per share. That easily beat the 49 cents per share that analysts surveyed by Zacks Investment Research forecast.

The Oakville, Ontario, company earned $86.3 million, or 36 cents per share, a year ago.

Revenue climbed to $1.21 billion from $1.08 billion.

Sales at Burger King locations open at least a year climbed 3.6 percent, more than double the prior year’s 1.7 percent increase. The performance was bolstered by a 4 percent rise in sales at U.S. locations open at least a year.

At Tim Hortons, the metric edged up 0.3 percent.

Shares of Restaurant Brands International Inc. added 47 cents to $67.86 in Thursday morning trading.

Elements of this story were generated by Automated Insights using data from Zacks Investment Research. 

This article was from The Associated Press and was legally licensed through the NewsCred publisher network. Please direct all licensing questions to [email protected].

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