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