⁍ Restaurant Brands International Inc reported a 27.8% slump in quarterly profit.


⁍ Stay-at-home orders kept diners away and investments in safety equipment and delivery orders increased.


⁍ Comparable sales at Popeyes, the popular fried chicken sandwich chain, rose 17.4%.


– The owner of Burger King, Tim Hortons, and Popeyes is rolling out drive-thrus at more than 10,000 locations in North America after reporting a drop in quarterly profit, Reuters reports. Restaurant Brands International’s quarterly profit was $145 million, or 47 cents per share, down from $201 million, or 75 cents per share, a year earlier. The company’s comparable sales fell 7% at Burger King, and 12.5% at Tim Hortons, as fewer people bought their morning cups of coffee at cafes amid the work-from-home orders that have been blamed for a nationwide salmonella outbreak this year. The company said it would start drive-thru at more than 10,000 Burger King, Tim Hortons, and Popeyes locations in North America, beginning the rollout with the chicken sandwich chain later this year.



Source: https://www.reuters.com/article/us-rstrnt-brnd-results/burger-king-parent-sees-profit-slump-28-popeyes-still-a-winner-idUSKBN27C1G1