Burger King owner Restaurant Brands International disappoints as sales growth slows
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Restaurant Brands International, owner of Burger King and Tim Horton's, reported slower sales growth in Q3, missing analyst expectations. Sales were $2.29 billion, below the $2.31 billion estimate, and adjusted EPS was $0.93, short of the $0.95 expected.
November 05, 2024 | 6:00 pm
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NEGATIVE IMPACT
Restaurant Brands International's Q3 results disappointed investors as both sales and earnings per share missed analyst expectations, leading to a drop in share price.
The company's sales and earnings per share both fell short of analyst expectations, which typically leads to a negative reaction in the stock market. The miss on both top and bottom lines suggests potential challenges in growth, impacting investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100