How the Popeyes Chicken Sandwich Spiced Up Restaurant Brands Earnings

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Restaurant Brands  (QSR) - Get Restaurant Brands International Inc Report posted earnings that beat expectations on Monday, Feb. 10

The company’s beat was led by Popeyes Chicken Sandwich.

Popeyes posted system-wide sales growth of 42% in the quarter.

Meanwhile, the company posted system-wide sales growth of 8.3%.

Same-store sales at Popeyes soared 34.4%. Let’s put that in context -- analysts were looking--according to IBES data from Refinitiv--for growth of 12.3% at the chain.

The company posted earnings per share of 75 cents a share, beating expectations for earnings of 73 cents per share.

Revenue came in at $1.48 billion, beating expectations of $1.46 billion.

While the Chicken Sandwich is the clear winner, Burger King also delivered its strongest year of restaurant growth in the last two decades.

Tim Horton’s, however, continued to struggle this quarter.

Restaurant Brands is up a mere 0.22% in the past year.

Watch the video above for more.

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