Money: Restaurant Brands Q3 profit and sales up - PressFrom - Canada

MoneyRestaurant Brands Q3 profit and sales up

17:55  24 october  2018
17:55  24 october  2018 Source:

L Brands explores options for La Senza chain

  L Brands explores options for La Senza chain L Brands said it would pursue all alternatives for its La Senza lingerie and intimate-apparel chain as it focuses on its larger core businesses. The Columbus, Ohio, parent of Victoria’s Secret and Bath & Body Works said La Senza has 126 company-owned stores in North America and 188 noncompany-owned international stores. L Brands said it expects La Senza will post an operating loss of $40 million on revenue of about $250 million in 2018. Shares of L Brands, which closed Wednesday at $28.52, rose about 4% to $29.65 in premarket trading Thursday. Sanford C.

Restaurant Brands third quarter sales up 34.7% following Australian Acquisition. 14 Dec 2016. Restaurant Brands is to acquire Hawaiian Taco Bell and Pizza Hut franchisee. 25 Oct 2016. Restaurant Brands announces half year profit results for the half year ended 12th September 2016.

Restaurant Brands International (TSE:QSR) - Tm Hortons' same-store sales up 5. 3 %; Burger King’s same-store sales rise 6.2%. Restaurant Brands International Inc. is one of the world's largest quick service restaurant companies with more than billion in system sales and over 19,000

OAKVILLE, Ont. - Restaurant Brands International Inc. saw its third-quarter profit improve compared to a year ago as sales at its Tim Hortons, Burger King and Popeyes restaurants grew.

The Oakville, Ont.,-based company, which keeps its books in U.S. dollars, says its profit attributable to shareholders totalled US$133.6 million or 53 cents per diluted share, up from $91.4 million or 37 cents per diluted share a year ago.

Revenue for the quarter ended Sept. 30 totalled $1.38 billion, up from $1.21 billion in the same quarter last year.

Comparable-store sales at Tim Hortons gained 0.6 per cent, while Burger King increased 1.0 per cent.

Popeyes Louisiana Kitchen saw comparable-store sales improve 0.5 per cent.

On an adjusted basis, Restaurant Brands says it earned 63 cents per diluted share for the quarter, compared to 58 cents per diluted share a year ago.

Thomson Reuters Eikon says the average analyst estimate had been for a profit of 65 cents per share.

Companies in this story: (TSX:QSR)

Second Cup converting 2 Alberta cafés to cannabis dispensaries, will review rest of chain.
The Second Cup Ltd. says it has started a strategic review of the coffee chain company despite reporting improved financial results and is continuing on its plan to sell recreational cannabis. The company says its board recognizes the need for the chain to continue to evolve and it now has the capacity to support a broader range of strategic alternatives thanks to a strengthened balance sheet. Second Cup says there is no guarantee any avenues will be pursued as a result of the review.

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