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Restaurant Brands International's Q3 earnings fell short, with revenues at $2.29 billion and shares down 5%.
Restaurant Brands International, the parent company of Burger King and Tim Hortons, reported disappointing third-quarter earnings, with total revenue at $2.29 billion, below expectations.
Same-store sales fell for Burger King (down 0.7%) and Popeyes (down 4%), while Tim Hortons grew by 2.3%.
The decline in demand is attributed to rising fast food prices prompting consumers to choose cheaper home-cooked meals.
The company's shares dropped 5% following the announcement.
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Las ganancias del Q3 de Restaurant Brands International fueron cortas, con ingresos de $2.29 mil millones y acciones descendiendo un 5%.