Restaurant Brands Profit And Revenue Fall Short Of Estimates

By Ciara LinnaneMarketsMarketWatch Pulse

Restaurant Brands International Inc. said Thursday it had net income of $90.9 million, or 38 cents a share, in the second quarter, up from $11 million, or 5 cents a share, in the year-earlier period. Adjusted per-share earnings came to 41 cents, below the FactSet consensus of 46 cents. Revenue edged down to $1.040 billion from $1.042 billion, also below the FactSet consensus of $1.374 billion. Same-restaurant ales grew 4.8% at the company's Tim Horton restaurants, and 3.9% at Burger King, the company said in a statement. Shares were not yet active in premarket trade, but are up about 20% in the year so far, while the S&P 500 has gained about 6%.

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