Restaurant Brands quarterly results top estimates on Burger King sales
Apr 30, 2021
Restaurant Brands International Inc's (QSR.TO) quarterly results topped estimates on Friday, as a reopening U.S. economy and government stimulus checks boosted spending at the company's Burger King chain.
After a year of ordering in, more Americans have started to go back to restaurants as a $1,400 stimulus payment from the government in March boosted spending, while the rollout of COVID-19 vaccines lifted consumer confidence.
Easing of dining room capacity restrictions and a warmer weather also led to a recovery in demand at Restaurant Brands' outlets and those of rival companies, many of which are struggling to hire new workers to keep up with the jump in sales
Burger King comparable sales rose 6.6% in the United States. However...
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