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Restaurant Brands International reported lower-than-expected earnings and revenue in the third quarter, with same-store sales for all four chains missing Wall Street estimates. Restaurant Brands' adjusted earnings per share and revenue fell slightly below analyst expectations. Burger King, Popeyes, and Firehouse Subs all reported same-store sales declines, falling short of expectations amid competitive challenges and changes in consumer spending. Tim Hortons reported domestic same-store sales growth, although it was lower than expected.
Transcript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02Restaurant Brands International reported lower than expected earnings and revenue in the third
00:06quarter with same store sales for the four chain missing Wall Street estimates.
00:11Restaurant Brands adjusted earnings per share and revenue fell slightly below analysts expectations.
00:16Burger King, Popeyes, Firehouse Subs all reported same store sales declines,
00:21falling short of expectation amid competitive challenges and changes in consumer spending.
00:26Tim Hortons reported domestic same store sales growth although it was lower than expected.
00:30For all things money visit Benzinga.com slash GSTV.

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