Operations

Healthy earnings for Burger King's parent company

Photo by istock.com

July 30, 2021

Restaurant Brands International beat analysts' expectations with its second-quarter earnings and revenue.

The big driver was digital sales which have spiked nearly 60% compared to same quarter in 2020, according to a CNBC report.

In response company shares jumped nearly 2%.

The parent company of Burger King, Tim Hortons and Popeyes Louisiana Kitchen reported fiscal second-quarter net income of $391 million, reflecting an increase of 84 cents per share, up from $164 million (35 cents per share) compared to the same time last year.

Net sales rose 37% to $1.44 billion, which bested a projection of of $1.36 billion.

Regarding Burger King, the QSR's same-store sales rose 18.2%.