Restaurant Brands shares rise on Burger King sales growth
NEW YORK (AP) — Shares in fast-food company Restaurant Brands rose Monday after it reported booming sales growth at its Burger King chain thanks to value meals and new menu items, such as a bacon burger.
Sales rose 4.6 percent in the most recent quarter at established Burger King restaurants as the value meals and new items were popular with consumers. Value menus have become increasingly important to fast-food companies looking to boost sales; earlier this year, McDonald's revived the name of its once-popular Dollar Menu with items costing $1, $2 or $3.
At Restaurant Brands' coffee and doughnut chain Tim Hortons, sales rose 0.1 percent as it launched a new order-ahead app and it started selling pricier espresso drinks.