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Impossible Whoppers is a big hit at Burger King, operating the best quarter of four years



Restaurant Brands ( QSR ) reported solid third quarter earnings on Monday morning, led by a more than 10% increase in Burger King sales and nearly 15% surge on Popeyes .

The company said that sales of Burger King restaurants that are open for at least one year increased by 5% in the quarter. It was the strongest growth since 2015.

Restaurant Brands attributed the success of the plant-based Impossible Whopper, which has been rolled out to all Burger King locations in the United States, for strong sales.

Popeyes did even better, with sales of the same store in the US more than 1

0%. Restaurant Brands said it was the best quarter for the chain in nearly two decades.

  Crispy, spicy and hugely popular: Why chicken sandwiches take over America
Restaurant Brands and Popeyes have caught lightning in a bottle of the spicy chicken sandwich, which attracted so much culture after the chain ran out of supply. The success of the sandwich even sparked a Twitter feud between Popeyes and rival Chick-fil-A.
Popeyes announced Monday that the sandwich will return on November 3 – as a permanent menu item.

It seems safe to say that the released success of the spicy chicken sandwich has more than justified Restaurant Brands & # 39; s purchase of Popeyes in 2017 for $ 1.8 billion.

Restaurant Brands shares increase more than 30% this year, compared to a nearly 10% increase for top rival McDonald's ( MCD ) and about 20% pop for KFC owner Yum! Tag ( took ) . McDonald's recently reported a decline in US sales.
But that was a bit of bad news for Restaurant Brands. The other chain it owns, Donut and coffee seller Tim Hortons, is struggling. Sales at Tim Hortons competing with Starbucks ( SBUX ) and Dunkin & # 39; ( DNKN ) fell in the quarter.
The company launched its own plant-based menu item, a breakfast sandwich with sausages from Impossible rival Beyond Meat, earlier this year. Beyond Meat ( BYND ) will report on its earnings after the closing time on Monday.

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