Restaurant Brands International Inc's first-quarter revenue more than doubled compared with the fourth quarter of 2014, helped by product launches and promotions.
The company was formed by Burger King's takeover of Canadian coffee and doughnut chain Tim Hortons last year.
Restaurant Brands said comparable sales at Tim Hortons rose 5.3 percent in the first full quarter since the merger, compared with a 4.1 percent rise in the fourth quarter, driven mainly by continued daypart expansion and new menu items such as crispy chicken club sandwiches.
Comparable sales at Burger King rose 4.6 percent in the first quarter compared with a 3 percent rise in the preceding quarter, helped mainly by the chain's '2 for $5' platform and the introduction of the spicy BLT whopper sandwich.
U.S. chain Burger King bought Tim Hortons for C$12.64 billion ($11.53 billion) in August, creating the world's third-largest fast-food restaurant group. The two chains are managed as separate brands under parent Restaurant Brands.Read the Full Article