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U.S. fast-food chain Burger King bought Tim
Hortons for C$12.64 billion last August, creating the world's
third-largest fast-food restaurant group.
Investors and industry experts say Tim Hortons' coffee products
can help Burger King chip away at McDonald's Corp's <MCD.N>
dominance in the quick-serve breakfast market, while Burger King
can help Tim Hortons expand in the United States and abroad.
Burger King and Tim Hortons are being managed as distinct and
separate brands under the parent company.
Comparable sales at Tim Hortons grew 4.1 percent, while
comparable sales at Burger King increased 3 percent in the
quarter, Oakville, Ontario-based Restaurant Brands said.
Restaurant Brands, which has more than 18,000 restaurants in 100
countries, posted a net loss attributable to shareholders of
$514.2 million, or $2.52 per share, for the fourth quarter ended
Dec 31.
The company reported total revenue of $416.3 million in the
quarter.
Up to Friday's close, Restaurant Brands' stock had risen about
14 percent since its listing on the Toronto Stock Exchange.
(Reporting by Solarina Ho in Toronto and Sneha Banerjee in
Bengaluru; Editing by Simon Jennings)
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