Restaurant Brands earnings beat estimates, fueled by strong Tim Hortons sales


A general view of a Tim Hortons Drive-Thru coffeehouse and restaurant at Lakeside Retail Park on February 5, 2024 in Grays, United Kingdom.

John Keeble | Getty Images

Restaurant Brands International reported quarterly earnings and revenue that beat analysts’ expectations on Tuesday, fueled by stronger-than-expected Tim Hortons sales.

Shares of the company were unchanged in premarket trading.

Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG, formerly known as Refinitiv:

  • Earnings per share: 75 cents adjusted vs. 73 cents expected
  • Revenue: $1.82 billion vs. $1.81 billion expected

Restaurant Brands reported fourth-quarter net income attributable to shareholders of $508 million, or $1.60 per share, up from $229 million, or 74 cents per share, a year earlier.

Excluding items, the company earned 75 cents per share.

Net sales rose 8% to $1.82 billion.



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