Restaurant Brands International Q2 Adjusted EPS $1.07; Revenue $2.52 Billion
Restaurant Brands International reported second-quarter adjusted earnings per share of $1.07 on revenue of $2.52 billion. Net income attributable to shareholders rose to $507 million, or $1.45 per share, from $189 million, or $0.57 per share, a year earlier. Burger King's US same-store sales increased 8.5%, outpacing McDonald's 0.8% gain, and international same-store sales rose 5.4%. Tim Hortons' same-store sales were roughly flat, while Popeyes Louisiana Kitchen's US same-store sales declined 5.2%.
Restaurant Brands International reported second-quarter adjusted earnings per share of $1.07 and revenue of $2.52 billion. Net income attributable to shareholders was $507 million, or $1.45 per share, compared with $189 million, or $0.57 per share, in the same period a year earlier.
Burger King's same-store sales rose 8.5% in the United States. The chain's domestic recovery had been building over previous quarters, with restaurant remodels, marketing changes and a focus on core menu items such as the Whopper helping it gain market share. By comparison, McDonald's US same-store sales rose only 0.8% in the second quarter. Burger King also performed well overseas, with international same-store sales up 5.4%.
Other Restaurant Brands International concepts were mixed. Tim Hortons' same-store sales in Canada and overall were roughly flat in the quarter, while Popeyes Louisiana Kitchen's US same-store sales fell 5.2%. The fried chicken chain has remained under pressure in recent quarters amid intensifying competition and more price-sensitive consumers.
Why this event matters
The event has a measured impact on 1 industry. The strongest current signal is mixed for Restaurants, with intensity 50/100 and 70% confidence over a short term horizon.
Impact figures are analytical estimates that combine direction, intensity, confidence and event importance. They are not investment advice.