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Canadians Chowed-Down on more Fast Food in Q3 2018

Stockhouse Editorial
1 Comment| October 24, 2018


A major fast-food holding company is reporting its Q3 2018 profits have improved compared to a year ago for its three main brands.

Restaurant Brands International Inc. (TSX:QSR) stated on Wednesday that its revenue totalled $1.38 billion (USD), up from $1.21 billion in Q3 2017. Its profit to shareholders totalled $136.5 million or 54 cents per diluted share. On an adjusted basis, the company earned 63 cents per diluted share for the quarter, though media reports that analysts had forecast a profit of 65 cents a share.

Tim Hortons gained 0.6% compared to 0.3% in 2017. Popeye’s also grew 0.5%.

Facing stiff competition from the likes of McDonald’s and KFC, Burger King increased 1%, compared to 3.6% the year prior.





Comments

nobucks2
Chowed down? I presume the writer is a citizen of the USA.
(0)
October 26, 2018

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