US EditionTim Hortons parent Restaurant Brands International Q1 profit down from year ago
- Restaurant Brands International reported lower first-quarter profit and revenue for 2024, with results announced on October 25, 2024.
- Declines in same-store sales at Tim Hortons, Burger King, and Popeyes contributed to the miss amid a weaker U.S. Economy and cautious consumer spending.
- The company posted revenue of $2.11 billion, slightly below the expected $2.13 billion, and adjusted earnings per share were 75 cents versus 78 cents forecast.
- CEO Josh Kobza noted that although the year began slowly, the company continues to advance effectively in managing the core aspects of its operations.
- The results signal ongoing pressure from rising input costs, tariff uncertainties, and weak demand, while Restaurant Brands maintains its 2025 outlook for steady growth.
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The Globe & Mail+2 Reposted by 2other sources
Tim Hortons parent Restaurant Brands sees weaker spending as consumer confidence dips
The company reported net income attributable to common shareholders of US$159-million or 49 cents US per diluted share for the quarter ended March 31
·Canada
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Winnipeg Free Press+8 Reposted by 8other sources
Tim Hortons parent Restaurant Brands International Q1 profit down from year ago
Breaking News, Sports, Manitoba, Canada
·Winnipeg, Canada
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Tim Hortons parent RBI net income drops to $159m in Q1 2025
Restaurant Brands International (RBI) has reported net income attributable to common shareholders of $159m for the first quarter of 2025.The post Tim Hortons parent RBI net income drops to $159m in Q1 2025 appeared first on Verdict Food Service.
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Leaning Left3Leaning Right2Center6Last UpdatedBias Distribution55% Center
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R 18%
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