Company News

Popeyes' chicken sandwiches drive Restaurant Brands' quarterly revenue beat

Feb 10 (Reuters) - Restaurant Brands International Inc beat analysts’ estimates for quarterly revenue on Monday, powered by the popularity of fried chicken sandwiches at Popeyes.

Comparable sales surged 34.4% at Popeyes in the fourth quarter ended Dec. 31, beating analysts’ estimate of 12.34%, according to IBES data from Refinitiv.

At coffee chain Tim Hortons, comparable sales fell 4.3% and rose just 2.8% at Burger King, compared with expectations of 2.44% drop and a 3.42% rise respectively.

Total revenue rose to $1.48 billion from $1.39 billion. Analysts had expected $1.46 billion. (Reporting by Nivedita Balu in Bengaluru; Editing by Shounak Dasgupta)