Retail

Restaurant Brands International (QSR) Q2 2020 earnings beat estimates

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Travelers order food in automated self-ordering kiosk at fast-food Burger King restaurant chain.

Bundrul Chukrut | LightRocket | Getty Images

Restaurant Brands International on Thursday reported that its quarterly revenue plunged 25% as the coronavirus pandemic weighed on same-store sales at Burger King and Tim Hortons.

But Popeyes, which has become the gem of Restaurant Brands’ portfolio, reported same-store sales growth of 24.8%, powered by its popular chicken sandwich.

Shares of the company rose 2% in premarket trading. The stock, which has a market value of $27.2 billion, has fallen 7% so far this year.

Here’s what the company reported for the quarter ended June 30 compared with what…



Source cnbc.com

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