Burger King, Tim Hortons Power Restaurant Brands Sales Beat

Restaurant Brands International Inc. beat estimates for quarterly revenue and profit on Tuesday, led by soaring online sales and a recovery in demand at its Burger King and Tim Hortons chains. Consumers are increasingly venturing out to diners, encouraged by easing COVID-19 curbs, after the nearly two-year long health crisis prompted restaurant closures and dine-in restrictions that kept people away from their favorite fast-food chains. As more people ordered their comfort foods online during the pandemic, Restaurant Brands, like its peers, has been ramping up investments in its e-commerce business. The company’s Cajun-inspired Popeyes chain rolled out its first ever rewards program last year. Restaurant Brands’ global digital sales rose more than 65 percent to $10 billion in 2021 on the back of these efforts to boost the e-commerce business. Demand for breakfast items has also rebounded as more people resume working from their offices and grab their sandwiches and …

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