Burger King parent earnings top estimates as domestic digital sales grow nearly 60%

Burger King parent earnings top estimates as domestic digital sales grow nearly 60%

Jose Cil, CEO of Restaurant Brands International, speaks during an interview with CNBC on the floor at the New York Stock Exchange in New York, U.S., November 6, 2019.

Brendan McDermid I Reuters

Restaurant Brands International on Friday reported quarterly earnings and revenue that topped Wall Street’s expectations, fueled in part by strong growth of digital sales in its brands’ home markets.

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: 77 cents adjusted vs. 61 cents expected
  • Revenue: $1.44 billion vs. $1.36 billion expected

The company reported fiscal second-quarter net income of $391 million, or 84 cents per share, up from $164 million, or 35 cents per share, a year earlier.

Excluding items, Restaurant Brands earned 77 cents per share, topping the 61 cents per share expected by analysts surveyed by Refinitiv.

Net sales rose 37% to $1.44 billion, beating expectations of $1.36 billion.

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