Burger King parent Restaurant Brands posts better-than-expected second-quarter earnings

Restaurant Brands International Inc.
QSR,
+1.48%
posted better-than-expected earnings for its fiscal second quarter on Tuesday as the restaurant operator focused on menu innovations and boosted its marketing spend. The Toronto-based parent of Burger King, Tim Horton, Popeyes and Firehouse Subs had net income of $351 million, or 77 cents a share, for the quarter, up from $346 million, or 76 cents a share, in the year-earlier period. Adjusted per-share earnings came to 85 cents, ahead of the 76 cent FactSet consensus. Revenue rose to $1.775 billion from $1.639 billion, also ahead of the $1.740 billion FactSet consensus. Consolidated comparable sales rose 9.6%. The stock was slightly higher premarket and has gained 15% in the year to date, while the S&P 500
SPX,
+0.90%
has gained 17.7%.