HBI Staff | Hyderabad 
Restaurant Brands International surpassed Wall Street’s expectations for second-quarter revenue, driven by a successful overhaul of its Burger King chain and steady demand at Tim Hortons. The turnaround plan for Burger King, launched in 2022 with a USD 400 million investment, included store remodels and equipment upgrades. An additional USD 300 million was pledged in April. The company also acquired its largest U.S. franchisee, Carrols Restaurant Group, during the period. Burger King’s USD 5 value meal and investment in stores and advertising boosted foot traffic by 4.3%. Total revenue increased to USD 2.08 billion, exceeding analyst estimates of USD 2.02 billion. Earnings per share matched estimates at 86 cents.
