
Burger King parent’s earnings top estimates, fueled by digital sales growth
Restaurant Brands International on Tuesday reported quarterly earnings and revenue that topped analysts’ expectations as digital orders made up nearly a third of the company’s global sales.
Shares of the company were flat 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: 74 cents adjusted vs. 70 cents expectedRevenue: $1.55 billion vs. $1.5 billion expected
The restaurant company reported fourth-quarter net income of $261 million, or 57 cents per share, up from $138 million, or 30 cents per share, a year earlier.
Excluding items, Restaurant Brands earned 74 cents per share, beating the 70 cents per share expected by analysts surveyed by Refinitiv.
Net sales rose 14% to $1.55 billion, topping expectations of $1.5 billion.