Restaurant Brands International reports Q3 profit and sales up from year ago

Restaurant Brands International Inc. announced a rise in profit and sales for the third quarter of its fiscal year. The Canadian company, whose earnings are reported in U.S. dollars, revealed a net income of US$542 million for the quarter ending September 30, up from US$315 million in the same period last year. This equates to US$1.54 per diluted share for the latest quarter, compared to 96 cents US per diluted share a year earlier.

On an adjusted basis, the profit per diluted share was US$1.10, slightly higher than the US$1.03 per diluted share in the prior quarter. Total revenue reached US$2.53 billion, an increase from US$2.45 billion a year ago. System-wide sales totaled US$12.97 billion, up from US$12.28 billion in the previous year. Comparable sales, a key metric, rose by 3.8 percent.