Net sales climbed 24.7%, largely thanks to the company’s acquisitions of its largest U.S. Burger King franchisee and its Popeyes business in China.
Restaurant Brands International reported quarterly earnings and revenue that fell short of Wall Street's estimates.Restaurant Brands International
Trump Media shares gain on Election Day as traders bet potential GOP candidate win will boost business Burger King's same-store sales fell 0.7%. The chain is in the middle of a turnaround in the U.S., but consumers are also spending less at restaurants, reigniting the value wars between Burger King and its rivals.
Firehouse Subs saw its same-store sales shrink 4.8% in the quarter. The sandwich chain is the latest addition to Restaurant Brands' portfolio, as of 2021, and the smallest brand by footprint with just 1,300 locations as of the end of the third quarter.
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