10:22 AM EDT, 08/07/2025 (MT Newswires) -- Restaurant Brands International's (QSR) second-quarter earnings missed Wall Street's estimates even as comparable sales rose more than expected amid gains at Tim Hortons and Burger King.

Adjusted per-share earnings rose to $0.94 from $0.86 a year earlier, but trailed the FactSet-polled consensus of $0.97. Revenue increased to $2.41 billion from $2.08 billion, ahead of analysts' $2.34 billion view.

Comparable sales climbed 2.4%, surpassing the Street's views for 2% gain. Same-store sales rose 3.4% at Tim Hortons and 1.3% at Burger King, but declined at Popeyes and Firehouse Subs.

The company's shares were down 3.9% intraday Thursday.

"While the consumer environment remains dynamic, we've seen encouraging signs of improvement across many of our largest businesses," Chief Executive Josh Kobza said on an earnings call, according to a FactSet transcript.

Restaurant Brands reiterated its long-term targets, including a 3% improvement in comparable sales and 5% net restaurant growth towards the end of 2028.

"Although we're operating through a period of peak complexity today, we are starting to simplify the steps we're taking from franchising Burger King US restaurants to setting (Burger King) China up for success with a new partner," Chief Financial Officer Sami Siddiqui told analysts on the call.

Price: 65.58, Change: -3.01, Percent Change: -4.39