A Burger King restaurant is seen on October 25, 2024 in New York.
Michael M. Santiago | Getty images
Restaurant Brands International THURSDAY According to quarterly results And the income that has missed analysts' expectations as a comparable store sales of Popeyes, Burger King and Tim Hortons have decreased.
The actions of the company fell by more than 2% in the trade prior to the market.
Here is what restaurant brands have declared in relation to what Wall Street expected, on the basis of a survey of LSEG analysts:
- Profit per share: 75 cents adjusted vs 78 cents expected
- Income: $ 2.11 billion against $ 2.13 billion expected
Restaurant brands have declared net net income in the first quarter attributable to shareholders of $ 159 million, or 49 cents per share, against $ 230 million, or 72 cents per share, a year earlier.
By excluding the transaction costs linked to its acquisition of Burger King China and other articles, the company won 75 cents per share.
Net sales increased by 21% to 2.11 billion dollars, fueled by an increase in income from Popeyes and Firehouse Sub.
Restaurant brands have displayed overall growth in comparable stores of 0.1%, but its three biggest brands experienced a drop in sales at comparable stores during the quarter and missed Wall Street expectations. Other fast food companies have reported A difficult start of the year as time and A more prudent consumer weighed on demand for their burgers and nuggets.
Tim Hortons, which represents more than 40%of the total quarterly restaurant income from restaurant brands, said that its sales with comparable stores have dropped by 0.1%, lacking streetaccount estimates for sales growth with comparable stores of 1.4%.
Burger King comparable stores decreased 1.3%more steep than estimates for a 0.9%drop. The American chain company, which was In turnaround mode For more than two years, sales with comparable stores experienced a 1.1%drop.
Popeyes saw its sales with comparable stores slide 4%, the greatest drop in the quarter. Wall Street provided for drops in sales at 1.8% comparable stores for the fried chicken chain.
