{{ currentBoardShortName }}
  • Markets
  • Indices
  • FX
  • Energy
  • Metals
  • Live
Markets
As of: {{timeStamp.date}}
{{timeStamp.time}}

Markets

{{ currentBoardShortName }}
  • Markets
  • Indices
  • FX
  • Energy
  • Metals
  • Live
{{data.symbol | reutersRICLabelFormat:group.RICS}}
 
{{data.netChng | number: 4 }}
{{data.netChng | number: 2 }}
{{data | displayCurrencySymbol}} {{data.price | number: 4 }}
{{data.price | number: 2 }}
{{data.symbol | reutersRICLabelFormat:group.RICS}}
 
{{data.netChng | number: 4 }}
{{data.netChng | number: 2 }}
{{data | displayCurrencySymbol}} {{data.price | number: 4 }}
{{data.price | number: 2 }}

Latest Videos

{{ currentStream.Name }}

Related Video

Continuous Play:
ON OFF

The information you requested is not available at this time, please check back again soon.

More Video

Apr 26, 2017

Tim Hortons parent reports US$1 billion Q1 revenue, beating estimates

Tim Hortons

Security Not Found

The stock symbol {{StockChart.Ric}} does not exist

See Full Stock Page »

OAKVILLE, Ont. - The owner of Tim Hortons and Burger King is reporting flat sales at its established locations in the first quarter but a nine per cent increase in revenue, which was above analyst estimates.

Restaurant Brands International Inc. (QSR.TO) says comparable sales at locations open at least a year were down one-tenth of a per cent at both chains, after adjusting for currency fluctuations.

The Oakville, Ont.-based company says its net income, reported in U.S. dollars, was also flat compared with a year ago, at US$50.2 million or 21 cents per share.

However, RBI's overall revenue increased by $82.1 million to about US$1 billion – about three-quarters of it from Tim Hortons – and adjusted earnings rose 20 per cent to $170.6 million, or 36 cents per share.

The adjusted earnings were two cents above estimates compiled by Thomson Reuters, while revenue was about $10 million above the estimate of US$990.27 million.

The quarterly financial report follows RBI's acquisition of Popeyes Louisiana Kitchen, Inc. at the end of March, too late in the quarter to have any meaningful impact.