Tim Hortons’ mother or father firm expects earnings and income to rise within the first quarter
Together with Tim Hortons, Restaurant Manufacturers owns Burger King, Popeyes Louisiana Kitchen, and Firehouse Subs. (picture: The Canadian Press)
TORONTO — Restaurant Manufacturers Worldwide reported first-quarter revenue of $277 million, up from $270 million in the identical interval final 12 months, whereas additionally growing income.
The espresso chain’s mother or father firm, Tim Hortons, mentioned earnings per share have been 61 US cents for the quarter ended March 31, up 59 US cents within the first quarter from final 12 months.
Whole income was $1.59 billion, in comparison with gross sales of $1.45 billion within the first three months of 2022.
On an adjusted foundation, Restaurant Manufacturers reported earnings of 75 cents per share in the newest quarter, in comparison with adjusted earnings of 64 cents per share within the prior 12 months.
Analysts, on common, had anticipated adjusted earnings of 64 cents per share, in response to forecasts compiled by monetary information agency Refinitiv.
Together with Tim Hortons, Restaurant Manufacturers owns Burger King, Popeyes Louisiana Kitchen, and Firehouse Subs.
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