Restaurant Brands: adjusted earnings up 6%
(CercleFinance.com) - Restaurant Brands International, whose fast food chains include Burger King, has reported Q2 adjusted net income that is up nearly 6% at 331 million dollars, or 71 cents per share.
The Toronto-based group - which also operates Popeyes Tim Hortons brands - saw its adjusted EBITDA increase by over 3% to 580 million dollars, with revenue up more than 4% at 1.4 billion dollars.
Jose Cil, group CEO said, "During the second quarter, we grew global system-wide sales nearly 8% and crossed two restaurant milestones with more than 26,000 restaurants globally, including more than 18,000 Burger King restaurants."
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The Toronto-based group - which also operates Popeyes Tim Hortons brands - saw its adjusted EBITDA increase by over 3% to 580 million dollars, with revenue up more than 4% at 1.4 billion dollars.
Jose Cil, group CEO said, "During the second quarter, we grew global system-wide sales nearly 8% and crossed two restaurant milestones with more than 26,000 restaurants globally, including more than 18,000 Burger King restaurants."
Copyright (c) 2019 CercleFinance.com. All rights reserved.