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Burger King parent Q4 profit beats estimates

Published Wed, Feb 17, 2016 · 09:50 PM
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Chicago

RESTAURANT Brands International Inc, the owner of Burger King and Tim Hortons, reported fourth-quarter profit that topped analysts' projections after new menu items helped sales at the burger chain.

Profit was 35 US cents a share, excluding some items, the Oakville, Ontario-based company said on Tuesday in a statement. Analysts estimated 29 US cents, on average.

The results show that Burger King's efforts to draw diners with new foods - including new milkshakes and different varieties of chicken fries - are paying off. The chain introduced a buffalo flavour in October and has since started selling a jalapeno variety. Fast…

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