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Restaurant Brands International earnings top estimates, fueled by Burger King turnaround
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Restaurant Brands International earnings top estimates, fueled by Burger King turnaround

CNBC·Amelia Lucas·6 months ago
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Burger King fast food hamburger restaurant in Miami, Fla.

Jeff Greenberg | Universal Images Group | Getty Images

Restaurant Brands International on Wednesday reported better-than-expected quarterly earnings and revenue, fueled by another quarter of strong international growth and a successful turnaround at Burger King U.S.

Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG:

Earnings per share: 86 cents adjusted vs. 82 cents expected

Revenue: $2.26 billion vs. $2.24 billion expected

Restaurant Brands reported first-quarter net income attributable to common shareholders of $338 million, or 97 cents per share, up from $159 million, or 49 cents per share, a year earlier.

Excluding non-recurring expenses and other items, the restaurant company earned 86 cents per share.

Revenue rose 7% to $2.26 billion.

Restaurant Brands' same-store sales increased 3.2% in the quarter, fueled by strong growth at Burger King's U.S.…

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