
Restaurant Brands International Inc. reported a robust fourth-quarter performance, surpassing Wall Street's expectations for both earnings and revenue. The company, which owns Burger King, Popeyes, Tim Hortons, and Firehouse Subs, posted earnings per share of $0.81, topping the consensus estimate of $0.79, and revenue of $2.3 billion, exceeding the expected $2.27 billion. The growth was driven by a 2.5% increase in same-store sales, with notable contributions from Burger King and Popeyes in the U.S. and Tim Hortons in Canada, where same-store sales also grew by 2.5%. International markets saw a 4.7% growth in same-store sales. Global system-wide sales grew by 5.6% in the fourth quarter and 5.4% for the full year 2024. Net sales climbed 26% to $2.3 billion. CEO Josh Kobza highlighted the company's focus on franchisee profitability, faster drive-thrus, and enhanced marketing efforts, particularly for the Whopper. However, the sandwich sector faced challenges, and bad weather impacted sales. Following the earnings release, Restaurant Brands' stock rose 3.3% in premarket trading.
$WST -30% "Returned over $560 million to our shareholders through our share repurchase program." https://t.co/LtBoFzttOL
Wendy's CEO Kirk Tanner saying that the company expects to have voice-activated AI in 500-600 drive-thrus by the end of this year. Says "accuracy is definitely improving" and the system drives sales. Once it's in 500 stores company could bring it to the system. $WEN
Wendy's projecting negative first-quarter same-store sales. "Overall industry traffic headwinds exacerbated by significant weather events." $WEN
