In this photo illustration, the new Impossible Whopper sits on a table at a Burger King restaurant on August 8, 2019 in Brooklyn, New York.
Drew Angerer | Getty Images
Burger King and Popeyes owner Restaurant Brands on Monday reported quarterly earnings that met analysts’ expectations.
Shares of the company were up less than 1% in premarket trading.
Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:
- Earnings per share: 72 cents, adjusted, matching estimates
- Revenue: $1.46 billion, vs. $1.47 billion expected
Restaurant Brands reported fiscal third-quarter net income of $351 million, or 75 cents per share, up from $250 million, or 53 cents per share, a year earlier.
Excluding items, the company earned 72 cents per share, in line with the 72 cents per share expected by analysts surveyed by Refinitiv.
Net sales rose 6% to $1.46 billion, narrowly missing expectations of $1.47 billion.