Sunday, August 14, 2022
HomeUS NewsRestaurant Producers Worldwide earnings prime estimates, fueled by stronger Tim Hortons, Burger...

Restaurant Producers Worldwide earnings prime estimates, fueled by stronger Tim Hortons, Burger King product sales – IHNS


A sign is posted in entrance of a Burger King restaurant on February 15, 2022 in Daly Metropolis, California.

Justin Sullivan | Getty Pictures

Burger King dad or mum agency Restaurant Producers Worldwide on Thursday reported quarterly earnings and earnings that topped Wall Avenue’s expectations, fueled by same-store product sales progress the least bit three of its chains that was larger than anticipated.

Shares of the company fell decrease than 1% in premarket shopping for and promoting.

Here’s what the company reported in distinction with what Wall Avenue was anticipating, primarily based totally on a survey of analysts by Refinitiv:

  • Earnings per share: 82 cents adjusted vs. 73 cents anticipated
  • Revenue: $1.64 billion vs. $1.57 billion anticipated

Restaurant Producers reported second-quarter internet earnings attributable to shareholders of $236 million, or 76 cents per share, down from $259 million, or 84 cents per share, a 12 months earlier.

Excluding devices, the company earned 82 cents per share.

Internet product sales rose 14% to $1.64 billion.

RELATED ARTICLES

Most Popular