Restaurant reported quarterly earnings that exceeded Wall Street expectations, driven by a strong performance from its struggling Burger King chain, both domestically and internationally. CEO Josh Kobza stated that the turnaround demonstrates the effectiveness of focusing on foundational strategies and execution.

The company's adjusted earnings per share came in at $1.07, surpassing the consensus estimate of $1.03 from analysts polled by LSEG. Revenue for the period was $2.52 billion, matching market forecasts.

Net income attributable to shareholders was $507 million, or $1.45 per share, a significant jump from $189 million, or $0.57 per share, in the same quarter last year. Excluding transaction costs, consulting fees, and other one-time items, adjusted earnings were $1.07 per share. Net revenue increased 4.5% to $2.52 billion.

Burger King's same-store sales in the U.S. surged 8.5%, marking a strong recovery fueled by store renovations, more targeted marketing, and a focus on core menu items like the Whopper. This performance contrasts sharply with rival McDonald's, which saw U.S. same-store sales growth of just 0.8% in the same period and has appointed a new U.S. president to boost sales.

Internationally, Burger King also performed well, with global same-store sales rising 5.4% for the quarter. However, other brands under the Restaurant umbrella showed weakness. Tim Hortons reported flat same-store sales in Canada for the quarter. Popeyes, the group's weakest performer, saw U.S. same-store sales decline by 5.2%, as the chicken chain faces increased competition, a shrinking customer base, and higher price sensitivity among consumers.