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00:02Restaurant Brands International reported quarterly earnings and revenue above expectations,
00:07driven by strong international growth and a turnaround at Burger King U.S., according to CNBC.
00:13Adjusted earnings per share came in at 86 cents on $2.26 billion in revenue,
00:19both exceeding expectations of 82 cents per share and $2.24 billion in revenue,
00:26which was up by 7%. The company reported first quarter net income of $338 million,
00:33or 97 cents per share, up from $159 million, or 49 cents per share a year earlier.
00:40Burger King reported same-store sales growth of 5.8%, beating street account estimates of 3.5%
00:47as its U.S. business renovated restaurants, upgraded Whopper ingredients, and offered consistent value items.
00:55Popeye's reported same-store sales declines of 6.5%, worse than the 1.5% decline expected,
01:01as it faces increased competition and focuses on operations and core menu items to revive sales.
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