Restaurant Brands International reported second-quarter earnings that exceeded analysts' expectations, supported by growth in its Burger King segment.
The company reported net income attributable to shareholders of $507 million, or $1.45 per share, an increase from $189 million, or 57 cents per share, during the same period last year.
Burger King U.S. same-store sales increase
Burger King saw its international same-store sales grow by 5.4% during the quarter. Restaurant Brands International CEO Josh Kobza attributed the performance to investing in fundamentals and execution.
In comparison, McDonald's reported U.S. same-store sales growth of 0.8% for its second quarter, with executives expressing disappointment regarding the performance.
Other brands within the sector showed mixed results, as Popeyes Louisiana Kitchen reported a 5.2% decline in U.S. same-store sales, source_ref: claim:11, while Tim Hortons' same-store sales in Canada and overall remained essentially flat, source_ref: claim:10.
