Burger King owner Restaurant Brands International said higher expenses squeezed profit margins during the second quarter — leaving investors with mixed signals about the company’s performance.

The parent company behind popular chains including Tim Hortons, Popeyes and Firehouse Subs said it generated total revenue of $2.41 billion for the three-month period that ended in June, above analysts’ estimates of $2.32 billion, according to data compiled by LSEG.

US quarterly same-store sales from Burger King, the company’s second biggest revenue generator, rose 1.5%, after rising just only 0.1% a year ago. 4

Value-meal deals starting at $5, also introduced by major fast-food chains Yum Brands and McDonald’s as consumer spending declined , boosted foot traffic at Burger King.

Comparable

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