Restaurant Brands International reported a 2.5% increase in same-store sales, driven by strong performances from Burger King and Popeyes. The company’s shares rose by about 1% in premarket trading. Despite a year-over-year drop in net income from $726 million to $361 million, adjusted earnings per share were 81 cents, aligning with expectations. Net sales surged by 26% to $2.3 billion, largely due to acquisitions. Burger King’s U.S. same-store sales grew by 1.5%, surpassing estimates, while Popeyes saw a slight uptick of 0.1%. Tim Hortons reported a 2.5% growth in domestic same-store sales. Internationally, sales increased by 4.7%, beating forecasts. The company expanded its footprint by 3.4%, adding 1,055 new restaurants. Looking ahead, Restaurant Brands plans to invest between $400 million and $450 million in capital expenditures by 2025.
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