Burger King US Comps Surge 8.5%, Driving Q2 Profit Beat at Restaurant Brands
QSR sits 19% above its 52-week low of $61.33 on light trading volume (0.2× avg).
Summary
Burger King's US same-store sales jumped 8.5% in Q2, handily outpacing the broader burger industry and validating the 'Reclaim the Flame' turnaround. International comps rose 5.5%, offsetting softness at Tim Hortons Canada and Popeyes US. Total revenue hit $2.52B, in line with estimates, while adjusted EPS of $1.07 beat by 3 cents. Net income from continuing operations surged to $665M, or $1.45 per share, from $264M a year ago. The results reinforce that multi-year investments in remodels and menu upgrades are gaining traction, even as competitors lean on deep discounting.
At the time of this announcement, QSR was trading at $73.12 on NYSE in the Trade & Services sector, with a market capitalization of approximately $33.4B. The 52-week trading range was $61.33 to $81.96. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.