Restaurant Brands International Reports Mixed Q2 Results Amid Consumer Spending Slowdown

Tim Hortons' strong performance boosts revenue as Burger King faces challenges from inflation-weary customers.

Restaurant Brands International's revenue exceeded expectations, reaching $2.08 billion.
Tim Hortons saw a 4.6% increase in same-store sales, outperforming other brands in the portfolio.
Burger King's same-store sales declined by 0.1%, despite efforts to attract budget-conscious consumers.
Popeyes and Firehouse Subs also reported modest declines in same-store sales for the quarter.
The company plans to invest $550 million in renovating 90% of Burger King locations by 2028.