US EditionTim Hortons parent Restaurant Brands International Q1 profit down from year ago
- Restaurant Brands International reported a first-quarter profit decline to $159 million for the quarter ended March 31, 2025.
- The profit drop followed a revenue miss of $2.11 billion versus $2.13 billion expected, amid declines in same-store sales for its three largest brands.
- Tim Hortons' same-store sales fell 0.1%, Burger King declined 1.3%, and Popeyes dropped 4%, each missing Wall Street estimates across the quarter.
- CEO Josh Kobza noted that they expected the first quarter to be their weakest period of the year and suggested that various broader economic factors, including increased commodity prices and supply chain expenses, likely contributed to the additional challenges.
- Despite short-term challenges, the company reaffirmed its 2025 forecast, expecting long-term same-store sales growth of 3% annually and steady operating income increases.
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The Globe & Mail+2 Reposted by 2 other 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 8 other sources
Tim Hortons parent Restaurant Brands International Q1 profit down from year ago
Breaking News, Sports, Manitoba, Canada
·Winnipeg, Canada
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