Burger King’s performance helped profit at parent firm Restaurant Brands hit $9.6m (£6.2m) for the three months to the end of June.
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Burger King in March brought back chicken fries, taken off the menu in 2012, due to strong demand from customers.
Shares of Restaurant Brands global (NYSE:QSR) are up Monday morning as the parent of Burger King and Tim Hortons hiked its dividend and saw same-store sales soar. The company attributed the increase to factors including the popularity of its “two for $5” deal, ongoing restaurant renovations and the return of its Chicken Fries. (TSX:CGX) runs Tims TV as part of a multi-year agreement with Tim Hortons where both companies sell advertising time on the screens. McDonald’s last week said sales fell 2 per cent in the U.S. They are positioned as a snack or meal and cost around $3. Excluding items, the company earned $0.30 per share.
Same-store sales at Tim Hortons rose 5.5 percent in the quarter, while Burger King comparable sales climbed 6.7 percent in constant currency.
The commercials angered environmentalists who launched an online petition to get them pulled from stores, but when Tim Hortons decided to yank the Enbridge ads some oil industry supporters called it an insult to one of Canada’s biggest industries and launched their own boycott.
Tim Hortons opened locations at a record pace in the first half of this year with net growth reaching a historical high of 105 new restaurants, Schwartz said.
Not including one-time items, the company earned 30 cents per share.
Revenue rose almost 12 percent to $1.04 billion, narrowly beating analysts’ expectations of $1.01 billion.
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Despite the profit drop, the company says it will boost its dividend to shareholders from 10 cents a share to 12.
