Burger King, Tim Hortons (TSX:THI) and Popeyes owner Restaurant Brands International (TSX:QSR, NYSE:QSR) saw sales and earnings during its fourth quarter beat guidance, largely driven by a strong performance by its Canadian brand.
Sales at Tim Hortons (TSX:THI), the Canadian coffee chain, saw an 8.4% increase in same-store sales, well above the 4.7% forecast by analysts.
For the quarter, the company achieved adjusted earnings per share of 75 cents, surpassing the consensus estimate of 73 cents.
Revenue climbed to $1.82 billion, edging past the expected $1.81 billion.
This marked a notable improvement from the previous year, with net income attributable to shareholders jumping to $508 million, or $1.60 per share, from $229 million, or 74 cents per share.
Under the company's new reporting structure, Restaurant Brands now details results for its chains in the US and Canada separately, while clumping together finances from all its international operations.
Alongside Tim Hortons' standout performance, Burger King reported a 6.3% growth in same-store sales, international sales lifted by 4.6%, while Popeyes saw a 5.5% increase, thanks in part to the launch of chicken wings as a permanent menu item.
The chicken restaurant followed this period with its first-ever Super Bowl commercial on Sunday, which featured comedian Ken Jeong being unfrozen after fifty years.
Restaurant Brands also acquired Carrols Restaurant Group, Burger King's largest U.S. franchisee, in a deal worth $1 billion.