Pulled pork promotions help Tim Hortons owner beat earnings expectations

, Canada

System-wide sales grew 7.9 per cent at Tim Hortons.

TORONTO  — The owner of Tim Hortons and Burger King reported strong sales and profit growth in the first quarter as it leveraged its fast-food network around the globe and promoted products such as grilled hot dogs and pulled pork sandwiches.

Net earnings Restaurant Brands International Inc. were US$50 million in the three-month period ended March 31, or US21 cents per share, compared with a loss of US$8.3 million (or a loss of US4 cents per share) in the same period a year ago. Adjusted per-share earnings surged 96 per cent to US30 cents per share, versus US16 cents a year ago, and beat average analyst estimates by Thomson Reuters of US22 cents per share.

System-wide sales grew 7.9 per cent at Tim Hortons in constant currency to US$1.42 billion, and were up 10 per cent at Burger King in constant currency to US$4.2 billion.


One Comments

  • blockchain 16 / 04 / 2017 Reply

    Outstanding quest there. What happened after? Take care!

Leave a Reply


This site uses Akismet to reduce spam. Learn how your comment data is processed.