financetom
Business
financetom
/
Business
/
Restaurant Brands beats quarterly revenue estimates on resilient demand
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Restaurant Brands beats quarterly revenue estimates on resilient demand
Aug 8, 2024 4:07 AM

Aug 8 (Reuters) - Restaurant Brands International

beat Wall Street expectations for

second-quarter revenue on Thursday, as its Tim Hortons and

Burger King outlets enjoyed steady demand despite a wider

slowdown in the U.S. fast-food sector.

The company reported second-quarter revenue of $2.08

billion, compared with analysts' average estimate of $2.02

billion, according to LSEG data.

(Reporting by Juveria Tabassum; Editing by Devika Syamnath)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Lucid cuts annual production forecast as global trade tensions sting
Lucid cuts annual production forecast as global trade tensions sting
Aug 5, 2025
Aug 5 (Reuters) - Lucid lowered its annual production forecast and missed Wall Street estimates for quarterly revenue on Tuesday, at a time when U.S. trade tensions have cast a dark cloud over some automakers as consumers rein in big spending budgets. Despite seeing a rise in deliveries for its luxury electric vehicles, Lucid is navigating an uncertain time for...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Rivian loss bigger than expected on higher costs, lower credit income
Rivian loss bigger than expected on higher costs, lower credit income
Aug 5, 2025
Aug 5 (Reuters) - Rivian Automotive ( RIVN ) reported a higher-than-expected quarterly loss on Tuesday as disruption in supply of rare earth metals used to make parts of its electric vehicles raised costs and income from credits sold to traditional automakers dwindled. China's curbs on the export of heavy rare earth metals -essential components for motors - sharply increased...
Rivian loss bigger than expected on higher costs, lower credit income
Rivian loss bigger than expected on higher costs, lower credit income
Aug 5, 2025
(Reuters) -Rivian Automotive ( RIVN ) reported a higher-than-expected quarterly loss on Tuesday as disruption in supply of rare earth metals used to make parts of its electric vehicles raised costs and income from credits sold to traditional automakers dwindled. Shares of the automaker fell 4% in trading after the bell. China's curbs on the export of heavy rare earth...
Copyright 2023-2026 - www.financetom.com All Rights Reserved