How Restaurant Brands is getting Burger King back on track
Restaurant Brands International (QSR) released its fourth-quarter results on Tuesday, February 13, posting earnings per share (EPS) of $0.75 topping analyst estimates. Notable brands, and major contributors to revenue, Tim Hortons and Burger King, saw same-store sales increase 8.4% and 6.3%, respectively.
Restaurant Brands International CEO Josh Kobza and Executive Chairman Patrick Doyle speak with Yahoo Finance Executive Editor Brian Sozzi to discuss the performance of the business and they plan on growing it moving forward.
Kobza explains what the biggest driver for his business: "I think the biggest driver is the sales growth. That makes everything easier in our business. The good news is our sales were up really healthy levels over the past year. That's what's allowed us to drive and improve profits alongside some moderating costs. The great news about that, that's what allows our franchisees to reinvest in the business. It allows them to staff the businesses better It allows us to upgrade technology and equipment and ultimately remodel and improve our assets. Those are the things that kick the flywheel in the right direction and allow us to keep improving the business."
Watch the video above to hear how the company plans to light a fire under its Burger King business.
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Видео How Restaurant Brands is getting Burger King back on track канала Yahoo Finance
Restaurant Brands International CEO Josh Kobza and Executive Chairman Patrick Doyle speak with Yahoo Finance Executive Editor Brian Sozzi to discuss the performance of the business and they plan on growing it moving forward.
Kobza explains what the biggest driver for his business: "I think the biggest driver is the sales growth. That makes everything easier in our business. The good news is our sales were up really healthy levels over the past year. That's what's allowed us to drive and improve profits alongside some moderating costs. The great news about that, that's what allows our franchisees to reinvest in the business. It allows them to staff the businesses better It allows us to upgrade technology and equipment and ultimately remodel and improve our assets. Those are the things that kick the flywheel in the right direction and allow us to keep improving the business."
Watch the video above to hear how the company plans to light a fire under its Burger King business.
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
- Get the latest news and data at finance.yahoo.com
- Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)
- Follow Yahoo Finance on social:
X: http://twitter.com/YahooFinance
Instagram: https://www.instagram.com/yahoofinance/?hl=en
TikTok: https://www.tiktok.com/@yahoofinance?lang=en
Facebook: https://www.facebook.com/yahoofinance/
LinkedIn: https://www.linkedin.com/company/yahoo-finance
Видео How Restaurant Brands is getting Burger King back on track канала Yahoo Finance
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