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.

November 05, 2024
26 Articles