Tim Horton's, Popeyes Drive Parent Company Restaurant Brands International Q2 Revenue Beats Estimates

Benzinga

Restaurant Brands International reported second-quarter revenue that came in just above estimates. Net income was up from a year ago. Same-store sales for Tim Hortons and Popeyes increased, driving overall growth, while Burger King and Firehouse Subs both saw declines. RBI completed its acquisition of Popeyes China, which will be included in the results going forward. The company also acquired Burger King franchise restaurants in the US from Carrols.

Transcript

00:00It's Benzinga, and here's what's on the block.

00:02Restaurant Brands International reported second-quarter revenue that came in just above estimates.

00:07Net income was up from a year ago.

00:09Same-store sales for Tim Hortons and Popeyes increased, driving overall growth, while Burger

00:14King and Firehouse subs both saw declines.

00:17RBI completed its acquisition of Popeyes China, which will be included in the results going

00:22forward.

00:23The company also recently acquired Burger King Franchise Restaurants in the U.S. from

00:27Carroll's.

00:28For all things money, visit Benzinga.com.

00:30For all things money, visit Benzinga.com.

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