A pedestrian walks past a Tim Hortons restaurant in downtown Vancouver, B.C. Photo by Ben Nelms/Bloomberg files
Restaurant Brands International Inc. reported improved sales led by the Tim Hortons brand and its international businesses in the second quarter, as the industry sees consumer confidence start to bounce back.
The company recorded total revenues of US$2.4 billion in the quarter ended June 30, up from US$2.08 billion in the prior year and above consensus of US$2.3 billion.
“While consumer environment remains dynamic, we’ve seen encouraging signs of improvement across many of our largest businesses,” chief executive Josh Kobza said during the company’s earnings call on Thursday.
RBI reported consolidated system-wide sales growth of 5.3 per cent, up from five per cent a ye