MW Burger King's parent company sees growth driven by international markets

By James Rogers

Shares of Restaurant Brands International Inc. are up 2.6% in premarket trading after the Burger King parent topped Wall Street's profit and revenue estimates, boosted by better-than-expected consolidated same-restaurant sales.

Global comparable sales rose 2.5%, beating the FactSet consensus estimate of 1.6%. Comparable sales were led by 4.7% growth in the Restaurant Brands' $(QSR)$ International segment and 2.5% growth at Tim Hortons Canada.

Burger King's comparable sales grew 1.1%, beating the FactSet consensus estimate of 0.6% growth and marking the chain's first same-restaurant sales beat in six quarters.

Related: McDonald's sees wider margins ahead as same-store-sales surprise offsets a profit miss

Earlier this week, rival McDonald's Corp. $(MCD)$ reported better-than-expected fourth-quarter same-restaurant sales, boosted by U.S. traffic.

Restaurant Brands had net income of $361 million, or 79 cents a share, down from $726 million, or $1.60 a share, in the prior year's quarter.

The Toronto-based company's adjusted fourth-quarter profit of 81 cents a share beat the FactSet consensus estimate of 78 cents a share.

Related: Yum Brands becomes the latest fast-food company to lean into AI - and its stock gains

Revenue rose to $2.296 billion from $1.820 billion to beat the analyst revenue estimate of $2.289 billion. The results marked the first time the company has beaten FactSet consensus revenue estimate in three quarters.

Burger King's revenue was $374 million, up from $345 million in the prior year's quarter and above the FactSet consensus of $367 million.

Restaurant Brands reports results from six reportable segments, including Tim Hortons, Burger King, Popeyes Louisiana Kitchen and Firehouse Subs. The company's international segment includes consolidated results from Tim Hortons, Burger King, Popeyes Louisiana Kitchen and Firehouse Subs outside the U.S. and Canada.

Related: Burger King parent Restaurant Brands' stock dips after revenue miss

Restaurant Brands shares are down 12.6% in the last 12 months, compared with the S&P 500 index's SPX gain of 22.5%.

-James Rogers

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

February 12, 2025 09:03 ET (14:03 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.