Tim Hortons and Burger King's parent company cooks up $50M quarterly profit

Restaurant Brands International Inc. reported a profit of $50 million US in its latest quarter compared with a loss a year ago.

The company behind Tim Hortons and Burger King says the profit amounted to 21 cents per share for the three months ended March 31.

That compared with a loss of US$8.3 million or four cents per share in the same quarter last year.

Revenue slipped to $918.5 million from $933.3 million as the weak Canadian dollar cut into Tim Hortons revenue.

On an adjusted basis, Restaurant Brands said it earned $142.1 million or 30 cents per share in the latest quarter, up from $73.9 million or 16 cents per share a year ago.

Comparable store sales at Tim Hortons increased 5.6 per cent after adjustments for currency changes, while Burger King saw a 4.6 per cent increase.

Let's block ads! (Why?)

Share on Google Plus

About Unknown

My blog is the place to update the latest information on sports, science and technology ... If you found this article good, useful please the share for others to see, even if you want to design a ecommerce website or web edit or set a special plugin functionality, please contact us now (Information in the footer)
    Blogger Comment
    Facebook Comment

0 nhận xét:

Đăng nhận xét