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Restaurant Brands reports US$163M Q4 profit, narrowly tops expectations

A Tim Hortons logo is pictured Tuesday, June 21, 2016 in Montreal. Restaurant Brands International Inc., the company behind Tim Hortons, Burger King and Popeyes restaurants, narrowly topped profit expectations as it reported its fourth-quarter results. THE CANADIAN PRESS/Paul Chiasson

TORONTO — Restaurant Brands International Inc., the company behind Tim Hortons, Burger King and Popeyes restaurants, narrowly topped profit expectations as it reported its fourth-quarter results.

The company, which keeps its books in U.S. dollars, says its profit attributable to common shareholders amounted to US$163 million or 64 cents per diluted share for the quarter ended Dec. 31.

That compared with a profit attributable to common shareholders of $395 million or $1.59 per diluted share in the same quarter a year earlier.

On an adjusted basis, the company says it earned 68 cents per share for the quarter.

Analysts on average had expected a profit of 67 cents per share for the quarter, according to Thomson Reuters Eikon.

Revenue for the quarter totalled $1.39 billion, up from $1.23 billion a year ago.

 

Companies in this story: (TSX:QSR, TSX:QSP)

The Canadian Press

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