The owner of Burger King earns 50% more in the third quarter, up to 181 million

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The fast food group Restaurant Brands International, owner of the Burger King, Tim Hortons and Popeyes Louisiana Kitchen chains, made a net profit of 201 million dollars (181 million euros) in the third quarter of 2019, equivalent to a 50% increase compared to the same period last year.

The turnover of the firm between July and September stood at 1,458 million dollars (1,313 million euros), 6% more. Of that figure, 624 million dollars (562 million euros) corresponded to the income from the premises owned, 2.5% more, while 834 million dollars (751 million euros) corresponded to the billing of franchised restaurants, 8.9% more.

By business segments, the turnover of Tim Hortons in the third quarter grew by 3.1%, to 881 million dollars (794 million euros), while the turnover of Burger King rose 9.9%, up to 457 million dollars (411 million euros). Revenue from Popeyes reached 120 million dollars (108 million euros), up 14.7%.

With respect to expenses, costs associated with sales remained stable at 475 million dollars (428 million euros), while general and administrative sales expenses advanced 7.4% to 320 million dollars ( 288 million euros).

The item allocated to franchise costs rose to 133 million dollars (120 million euros), up 24.3%.

Thus, in the whole of the first nine months of the year, the fast-food firm accounted for a net attributable profit of 478 million dollars (431 million euros), up 6.5%, after an increase of 3, 8% of the turnover, up to 4,124 million dollars (3,714 million euros).

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