UPDATE 3-Burger King, Tim Hortons owner says 2016 off to a great start

Tue Feb 16, 2016 11:34am EST
 
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* Tim Hortons Q4 comparable sales up 6.3 pct

* Burger King comparable sales rise 3.9 pct

* Adjusted profit of 35 cents/shr vs est of 29 cents/shr (Adds comments from CEO, analyst)

By Anet Josline Pinto

Feb 16 (Reuters) - Restaurant Brands International Inc said it was off to a "great start" this year, after new product launches at its Burger King and Tim Hortons chains in 2015 helped boost sales in a highly competitive market.

Shares of the Ontario-based company, which reported a better-than-expected quarterly profit on Tuesday, rose as much as 9 pct to C$48.24 on the Toronto Stock Exchange.

The company also raised its quarterly dividend by 1 cent to 14 cents per share.

"Restaurant sales can still be much greater and 2016 is already off to a good start," Chief Executive Daniel Schwartz said on a post-earnings call, adding that the company was "pretty excited" about the addition of grilled hot dogs to its menu.

Burger King said last week hot dogs would permanently feature on its menu, signaling that it was going back to its fast-food roots after attempting to tempt diners with salads and healthier offerings.   Continued...