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Company News

Restaurant Brands Q2 profit falls 18%

Aug 2 (Reuters) - Fast-food chain Restaurant Brands International Inc posted an 18% fall in quarterly profit on Friday, hit by weak sales at its Tim Hortons cafes and higher costs.

The company’s net income fell to $257 million, or 55 cents per share, in the second quarter ended June 30, from $314 million, or 66 cents per share, a year earlier.

Revenue rose to $1.4 billion from $1.34 billion.

Reporting by Arundhati Sarkar in Bengaluru; Editing by Maju Samuel

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