UPDATE 1-Burger King-parent Restaurant Brands beats quarterly same-store sales estimates
Restaurant Brands International, Inc. QSR | 0.00 | |
Restaurant Brands International, Inc. QSR | 0.00 |
Adds background
May 6 (Reuters) - Restaurant Brands International QSR.TO on Wednesday edged past expectations for quarterly overall same-store sales growth, helped by resilient demand at its Burger King chain.
Fast-food chains in the U.S. have increased value offerings as they try to woo budget-conscious consumers facing higher costs of living.
Taco Bell-parent Yum Brands YUM.N also beat quarterly estimates last week, helped by its value offerings .
Fast-food giant McDonald's MCD.N reports results on Thursday.
Restaurant Brands reported an overall same-store sales rise of 3.2% for the first quarter, compared with estimates of about 3% growth, according to data compiled by LSEG.
