10:54 AM EDT, 10/30/2025 (MT Newswires) -- Restaurant Brands International (QSR) reported better-than-expected third-quarter results on Thursday, buoyed by same-store sales gains at Burger King and Tim Hortons.

The company's adjusted earnings rose to $1.03 from $0.93 a year earlier, topping the FactSet-polled consensus of $1. Revenue increased to $2.45 billion from $2.29 billion, ahead of the Street's view for $2.39 billion.

Shares of the restaurant operator gained 2.6% in Thursday trade. The stock is up nearly 4% so far this year.

"Our teams delivered a strong quarter, driven by momentum from Tim Hortons and our international business, which together generate roughly 70% of our earnings," Chief Executive Josh Kobza said in a statement. "Burger King also had a great quarter, outperforming most of the industry through consistent and disciplined execution of our plan."

Comparable sales across the organization advanced 4%, surpassing the average analyst estimate for growth of 2.9%. Same-store sales climbed 4.2% at Tim Hortons and 3.1% at Burger King, but declined by 2.4% at Popeyes.

Consolidated system-wide sales moved 6.9% higher year on year, while the Street projected a 6.4% improvement.

Restaurant Brands reiterated its long-term average targets, including a 3% improvement in comparable sales and 8% organic adjusted operating income growth toward the end of 2028.

The group's Burger King business in the US is seeing elevated beef costs, "which are creating some short-term margin pressures," Chief Financial Officer Sami Siddiqui said during a conference call, according to a FactSet transcript. Beef represents about a quarter of the business' US commodity basket.

"We expect this to be temporary, as the increase is largely tied to the cyclical nature of US herd rebuilding, and we're optimistic prices will normalize over time," Siddiqui told analysts. "In the meantime, we're working closely with our franchisees to identify efficiencies and margin opportunities."

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