Restaurant Brands Beats Q4 Estimates Driven by Value Meals, Tim Hortons Strength
Restaurant Brands International surpassed market expectations for quarterly revenue, driven by robust demand for value-oriented meals at its Burger King chain and continued growth at Tim Hortons.
Value meal offerings have been a key strategy for fast food chains in recent months, catering to price-sensitive consumers. Burger King, along with competitors such as McDonald's and Yum Brands (parent company of Taco Bell), has introduced combo options priced under $5 and $7.
Additionally, Tim Hortons has experienced several consecutive quarters of revenue growth, particularly in Canada.
For the fourth quarter, Restaurant Brands reported revenue of $2.30 billion, exceeding analysts' estimates of $2.28 billion.