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Several restaurant chains, including KFC owner Yum Brands and McDonald’s (NYSE:MCD), have been investing in their loyalty programs and launching new menu items to boost sales at a time when dining in at restaurants is bouncing back.
For Restaurant Brands, same-store sales at Tim Hortons — its biggest revenue maker — jumped 27.6% in the second quarter, while those at Burger King rose 18.2%.
Net income attributable to common shareholders rose to $259 million, or 84 cents per share, from $106 million, or 35 cents per share, a year earlier.
The company’s total revenue increased to $1.44 billion in the second quarter ended June 30, compared with $1.05 billion a year earlier. IBES data from Refinitiv had estimated revenue of $1.37 billion.
