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Restaurant Brands International on Thursday reported quarterly earnings and revenue that beat analysts' expectations, fueled by growth of its international restaurants and Tim Hortons.

Combined, the two divisions account for roughly 70% of the company's earnings, according to CEO Josh Kobza.

Like many restaurants, the company has seen low- and middle-income consumers spend less on dining in recent quarters. Diners didn't change their behavior in the third quarter, but executives credited sticking to their strategy and avoiding the so-called "value wars" for the company's strong quarterly performance, particularly at Burger King's U.S. restaurants.

"If you look at our results, we're doing well despite some

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