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Business, Economy

“Restaurant Brands revenue disappoints Wall Street as Burger King same-store sales miss estimates”

“…Shares of the company were down 2% in morning trading.

Here’s what Restaurant Brands reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG, formerly known as Refinitiv:

  • Earnings per share: 90 cents adjusted vs. 86 cents expected
  • Revenue: $1.84 billion vs. $1.87 billion expected

Restaurant Brands reported third-quarter net income attributable to shareholders of $252 million, or 79 cents per share, down from $360 million, or $1.17 per share, a year earlier…”

https://www.cnbc.com/2023/11/03/restaurant-brands-international-qsr-q3-2023-earnings.html

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