Restaurant Manufacturers Worldwide (QSR) This autumn 2024 income

The Burger King logo will be exhibited on January 17, 2024 in Burank, California, in a Burger King Fast Food Restaurant.

Mario Tama | Getty pictures

Restaurant Brands International On Wednesday, sales growth in the same business reported of 2.5%, which was heated by the better than expected performance of the Burger King and Popeyes restaurants.

The company's shares in the Premarket trade rose by around 1%.

Here is what the company reported compared to the expectations of Wall Street, based on a survey of LSEG analysts:

• Win each share: 81 cents adapted compared to 79 cents
• Revenue: 2.3 billion US dollars expected compared to 2.27 billion US dollars

The restaurant company reported the fourth quarter of $ 361 million or 79 cents per share, which is due to a previous year of $ 726 million or USD 1.60 per share.

With the exception of corporate restructuring fees and other articles, restaurant brands earned 81 cents per share.

Net turnover rose by 26% to 2.3 billion US dollars, which were largely fueled by the acquisitions of its largest US burger King franchisee and Popeyes China, both of whom took place last year.

Nevertheless, the company recorded better than expected sales in all segments in the quarter.

“If you look compared to all of our large, traditional appearance [quick-service restaurant] Peers that 2.5% Comp across the distance was a pretty good outperformance for the quarter, ”Josh Kobza, CEO from Restaurant Brands, told CNBC.

In the fourth quarter, Mc Donalds Sales with the same business in the United States fell by 1.4%and injured E. Coli outbreak by an E. Coli outbreak connected to his quarter. And Popeyes' rival KFC, who owned Yum brandsThe decline in sales in the same business by 5% for the US restaurants.

Meanwhile, Burger King reported in sales growth of the US sales of 1.5%and exceeded the street account estimates of 0.8%.

The President of Burger King, Tom Curtis, wrote his Addams Family menu, time for Halloween and his million dollar -Wopper campaign, which sold one million whopper burger for only 1 US dollars. While the burger chain has been in turnaround mode for more than two years, its quarterly results have shown signs that the strategy has recovered customers.

The turnover of Popeyes has increased by 0.1%and the declines of the last quarter of Popeyes.

“I think we have some really convincing value creation offers in the market in the market [the fourth quarter]And that helped our performance, both for sale and for traffic, ”said Kobza.

Tim Hortons reported domestic sales growth in the same business of 2.5%. The Canadian coffee chain accounts for more than 40% of the quarterly sales of the restaurant brands.

The international restaurants of restaurant brands recorded sales growth of 4.7%in the same business and exceeded StreetCcount estimates of 2.7%. The company has attributed its locations Burger King and Popeyes to drive higher sales.

The company also increased its footprint by 3.4%and added 1,055 new restaurants compared to the same period last year.

With a view to 2025, restaurant brands are planning to spend between 400 and 450 million US dollars for consolidated investments, tenant applications and other incentives.