Jim Cramer highlighted Burger King's strong second-quarter performance, which was offset by weakness at Restaurant Brands International's other chains. Burger King posted 8.6% same-store sales growth in the US and Canada, beating the 6.2% analysts expected, and total adjusted operating income rose 13%. However, Tim Hortons comparable sales were nearly flat at 0.1%, and Popeyes domestic comparable sales fell 5.2% for a fifth consecutive quarter. Restaurant Brands declared a third-quarter dividend of $0.65 per share and returned $435 million to shareholders during the quarter. The stock fell 2% after the report.
Restaurant Brands International IncMixed Q2 results: Burger King beat but Tim Hortons and Popeyes weak; stock fell 2%.
TH International Limited