Jim Cramer Discusses Restaurant Brands (QSR) Q2 Earnings and Burger King’s Resurgence

On August 11, Mad Money host Jim Cramer examined Restaurant Brands International Inc. (NYSE: QSR) earnings and Burger King's recent resurgence, noting the company's stock dropped 2% following the quarter. According to Cramer, Burger King is outrunning McDonald's with an 8.6% same-store sales growth rate in the US and Canada, far surpassing analysts' expectations of 6.2%.

The Q2 2026 earnings call revealed that Burger King reported a 13% increase in total adjusted operating income, a 7% improvement in operating income compared to expectations, and a 3-cent earnings beat. However, other brands within Restaurant Brands, such as Tim Hortons and Popeyes, underperformed, contributing to the company's overall decline.

These weaker performances were attributed to supply chain costs and declining domestic sales at Popeyes. Despite these challenges, Burger King's turnaround can be attributed to customer-focused strategies such as menu enhancements, store refreshes, and value propositions. CEO Tom Curtis emphasized listening to customers as the key to success.

While McDonald's appears to be lagging behind, the uneven performance across Restaurant Brands' diverse portfolio complicates the picture, leaving short-term investors cautious about the company's recovery prospects.