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Restaurant Brands revenue beats as Tim Hortons defies fast-food slowdown
Juveria Tabassum - Reuters -
08/08
Restaurant Brands International beat Wall Street expectations for second-quarter revenue on Thursday, benefiting from steady demand at its Tim Hortons coffee outlets even as Burger King stutters in the midst of an overhaul.
Aug 8 (Reuters) - Restaurant Brands International (QSR.TO), opens new tab beat Wall Street expectations for second-quarter revenue on Thursday, benefiting from steady demand at its Tim Hortons coffee outlets even as Burger King stutters in the midst of an overhaul.
Fast food chains such as Tim Hortons, Taco Bell and Starbucks are falling back on technology and menu refreshes to help cut costs at stores and attract budget-conscious customers.
Tim Hortons, which accounted for nearly half of its parent company's revenue in the quarter, saw same-store sales rise 4.6%, ahead of expectations for 4.3% growth, according to LSEG data.
Restaurant Brands (RBI) reported revenue of $2.08 billion, beating estimates of $2.02 billi... [Short citation of 8% of the original article]
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