Restaurant Brands International reports Q3 profit up from year ago

Restaurant Brands International Inc. says its third-quarter profit rose compared with a year ago helped by strength in its Tim Hortons and international operations. The company, which keeps its books in U.S. dollars, says its net income attributable to common shareholders amounted to US$315 million or 96 cents US per diluted share for the quarter ended Sept. 30. The result compared with a profit of US$252 million or 79 cents US in the same quarter last year. Revenue for the quarter totalled US$2.45 billion, up from US$2.29 billion a year ago. On an adjusted basis, RBI says it earned US$1.03 per diluted share in its latest quarter, up from 93 cents US per diluted share in the same quarter last year. In addition to Tim Hortons, RBI is the company behind the Burger King, Popeyes and Firehouse Subs brands