Burger King’s parent company reports earnings in line with expectations

Burger King and Popeyes owner Restaurant Brands on Monday reported quarterly earnings that met analysts' expectations.

Shares of the company were up less than 1% in premarket trading.

Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:

  • Earnings per share: 72 cents, adjusted, matching estimates
  • Revenue: $1.46 billion, vs. $1.47 billion expected

Restaurant Brands reported fiscal third-quarter net income of $351 million, or 75 cents per share, up from $250 million, or 53 cents per share, a year earlier.

Excluding items, the company earned 72 cents per share, in line with the 72 cents per share expected by analysts surveyed by Refinitiv.

Net sales rose 6% to $1.46 billion, narrowly missing expectations of $1.47 billion.

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