economy
February 12, 2026
Restaurant Brands shares fall despite earnings beat, strong international growth
Outside of the U.S. and Canada, Restaurant Brands' same-store sales climbed 6.1%.
TL;DR
- Restaurant Brands reported fourth-quarter earnings and revenue exceeding analyst expectations.
- Strong international growth, especially for Burger King, fueled the positive financial results.
- Burger King's U.S. restaurant remodeling progress slowed due to higher costs, causing the company to miss its 2028 modernization deadline.
- Tim Hortons and Burger King reported positive same-store sales growth, though Tim Hortons missed projections.
- Popeyes experienced a decline in same-store sales, with leadership changes and a renewed focus on operations planned.
- Restaurant Brands is accelerating international expansion, including a joint venture for Burger King China.
- Rising beef prices contributed to increased costs for Burger King and its franchisees.
Continue reading the original article