Travelers order food in automated self-ordering kiosk at fast-food Burger King restaurant chain.
Bundrul Chukrut | LightRocket | Getty Images
But Popeyes, powered by its popular chicken sandwich, reported same-store sales growth of 24.8%.
Shares of the company rose 2% in premarket trading.
Here’s what the company reported for the quarter ended June 30 compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:
- Earnings per share: 33 cents, adjusted, vs. 31 cents expected
- Revenue: $1.05 billion vs. $1.05 billion expected
The Burger King parent reported second-quarter net income of $163 million, or 35 cents per share, down from $257 million, or 55 cents per share, a year earlier.
Excluding items, Restaurant Brands earned 33 cents per share, beating the 31 cents per share expected by analysts surveyed by Refinitiv.
Net sales dropped 25% to $1.05 billion, meeting expectations.