Tim Hortons Parent Posts Lower-than-Expected Profits for Second Quarter, Beaten Back by Expenses

Tim Hortons parent posts lower-than-expected profits for second quarter, beaten back by expenses

Higher prices for commodities such as coffee and beef partly to blame, company says

Burger King, Popeyes parent company RBI suffers mass earnings fall as expenses continue to rise

Burger King owner Restaurant Brands International said higher expenses squeezed profit margins during the second quarter.

Lower profits for Burger King owner Restaurant Brands - RetailDetail EU

Restaurant Brands International saw an increase in sales last quarter, but profits fell short of expectations. The group, known for brands such as Burger King and Tim Hortons, nevertheless continues to invest in growth. Rising costs Burger King achieved a 4% increase in comparable sales, which was mainly due to higher footfall in North America. Popeyes, which specializes in fried chicken dishes, also made progress thanks to new, popular menu ite…