FOOD SERVICES | Staff Reporter, UK

Burger King sales generate higher quarterly profit for Restaurant Brands

Shares of Restaurant Brands rose as much as 2.8 percent to C$76.28.

According to Reuters, Restaurant Brands International Inc's quarterly profit topped Wall Street estimates, driven mainly by higher sales at its Burger King chain.

The burger brand reported a 4% rise in comparable sales in the second quarter, led by higher sales in the United States, beating the expectations of the analysts at Consensus Metrix of a 2.7 percent rise in comparable sales.

Restaurant Brands chief executive Daniel Schwartz said that adding initiatives such as home delivery have been a steady revenue generator for the company.

Systemwide sales at Burger King's restaurants, which include company-owned, franchised and licensed outlets, rose by 11% in the latest quarter ended June 30.

Restaurant Brands' total sales rose 9 percent to $1.13 billion in the quarter.

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