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Restaurant Brands International beats estimates due to high sales at Burger King

By Shubhangi Mathur - Aug 04, 2022, 01:14 PM ET

Last Updated - Jul 18, 2023, 04:37 PM EDT

Restaurant Brands International beats estimates due to high sales at Burger King

The company posted revenue of $1.64 billion in the second quarter

Restaurant Brands International Inc (NYSE: QSR) topped Wall Street estimates on Thursday due to growth in international sales at Burger King.

The company said same-store sales were flat at Burger King and Popeyes in the US.

In the second quarter, the company posted revenue of $1.64 billion, compared to estimates of $1.57 billion, according to Refinitiv.

Shares of the company were up 5% in morning trading.

The company also beat earnings expectations as it posted earnings per share of 82 cents adjusted, compared to estimates of 73 cents.

Picture Credits: Getty Images

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