Restaurant Brands Profit Drops

This is a US news story, published by Global News, that relates primarily to Firehouse Subs news.

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Tim Hortons

Global News

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Tim Hortons sales holding up despite ‘difficult’ environment for parent firm - National | Globalnews.ca

Summary

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76% Informative

Restaurant Brands International Inc.'s net income for its third quarter totalled US$357 million , down from US$364 million in the same quarter last year .

Comparable sales fell 2.3 per cent at Tim Hortons , but Firehouse Subs , Popeyes and Burger King saw a 4.8 per cent drop.

Tims spent much of the period pushing its flatbread pizzas, a product introduced earlier this year to entice people to spend later in the day .

RBI ’s third-quarter profit amounted to 79 cents US per diluted share for the quarter ended Sept. 30 .

Revenue for the parent company of Tim Hortons , Burger King , Popeyes and Firehouse Subs , totalled US$2.29 billion , up from US$1.84 billion in the same quarter last year .

Consolidated comparable sales were up 0.3 per cent .

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semi-formal

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English

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