Burger King sales slump as customers pull back on fast food spending amid inflation

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Burger King sales slump as customers pull back on fast food spending amid inflation
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Today's Business Headlines: 08/08/24

Burger King sales slipped last quarter despite touting cheaper menu deals as inflation-weary customers continue to pull back on dining out, parent company Restaurant Brands said Thursday.

“We clearly saw softer sales than expected across our businesses in Q2 and it’s not yet clear when we’ll see the category strengthen,” Executive Chairman J Patrick Doyle said on a post-earnings call. Burger King announced a turnaround plan in 2022 meant to revive its business, including an investment of $400 million to remodel stores and upgrade technology to improve service.

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