Burger King's U.S. Sales Soar 8.5% as Restaurant Brands Beats Earnings Estimates
Restaurant Brands International (RBI) reported stronger-than-expected quarterly earnings on Thursday, driven by the resurgence of Burger King's U.S. business.
Burger King's same-store sales in the United States climbed 8.5% during the second quarter, outperforming rival McDonald's 0.8% growth. The chain's turnaround has been fueled by restaurant renovations, sharper marketing, and a focus on core menu items like the Whopper.
RBI CEO Josh Kobza attributed Burger King's success to a commitment to investing in fundamentals and executing well. He noted that not all U.S. restaurants have been remodeled yet, leaving room for further improvement.
However, Popeyes Louisiana Kitchen, another RBI brand, reported U.S. same-store sales declines of 5.2% during the quarter. The fried chicken chain has struggled in recent quarters as more restaurants compete for a smaller pool of diners.