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Burger King parent earnings beat but labor challenges weigh on sales

A Burger King restaurant seen in Milton, Pennsylvania.

Paul Weaver | SOPA Images | LightRocket | Getty Images

Restaurant Brands International on Monday reported quarterly earnings that topped Wall Street’s expectations, but its revenue fell short as labor challenges weighed on sales.

Shares of the company rose less than 1% in premarket trading.

Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:

  • Earnings per share: 76 cents adjusted vs. 74 cents expected
  • Revenue: $1.5 billion vs. $1.52 billion expected

The Burger King parent reported fiscal third-quarter net income attributable to common shareholders of $221 million, or 70 cents per share, up from $145 million, or 47 cents per share, a year earlier.

Excluding items, Restaurant Brands earned 76 cents per share, beating the 74 cents per share expected by analysts surveyed by Refinitiv.

Net sales rose 11.8% to $1.5 billion, falling short of expectations of $1.52 billion.

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