Burger King's $700 Million Fix Is Paying Off for Restaurant Brands International
Tim Hortons' business is cooling off just as Burger King is starting to pull its weight.
Overview
Restaurant Brands International (NYSE: QSR) is four years into rebuilding Burger King, and the work is finally showing up in the numbers. U.S. same-store sales grew 8.5% in the second quarter, compared to just 0.8% at McDonald's in the same period.
That was the second strong quarter in a row for Burger King -- same-store sales rose by nearly 6% in the first quarter. Average unit volumes for the Whopper are up over 20% since the burger's relaunch hit menus in February.
Details
The fast-food restaurant is taking market share, outgrowing the quick-service burger industry by more than nine percentage points as the company's Reclaim the Flame initiative rolls on.
Source
Originally published at www.fool.com.