Restaurant Brands International Inc. (NYSE:QSR) shares slipped on Wednesday despite the fast-food operator delivering stronger-than-expected quarterly results and continued momentum across its international business.
The company pointed to sustained comparable sales growth at Tim Hortons and Burger King as operational improvements and global expansion efforts continued to support performance.
Quarter In Detail
The company reported first-quarter adjusted earnings per share of 86 cents, beating the analyst consensus estimate of 82 cents. Quarterly sales of $2.264 billion outpaced the Street view of $2.240 billion.
Restaurant Brands said consolidated system-wide sales grew 6.2% year over year, including 11.1% growth in international markets.
Quarterly comparable sales accelerated to 3.2%, including 5.8% growth at Burger King U.S. and 5.7% growth in international markets.
CEO Josh Kobza said the company …
This post was originally published here
