May 6 (Reuters) – Restaurant Brands International on Wednesday edged past expectations for quarterly overall same-store sales growth, helped by resilient demand at its Burger King chain.
Fast-food chains in the U.S. have increased value offerings as they try to woo budget-conscious consumers facing higher costs of living.
Taco Bell-parent Yum Brands also beat quarterly estimates last week, helped by its value offerings.
Fast-food giant McDonald’s reports results on Thursday.
Restaurant Brands reported an overall same-store sales rise of 3.2% for the first quarter, compared with estimates of about 3% growth, according to data compiled by LSEG.
(Reporting by Juveria Tabassum in Bengaluru; Editing by Maju Samuel)
