Restaurant Brands and Dine Brands report mixed third-quarter results

Restaurant Brands International reported third-quarter net income of $542 million, up from $315 million in the previous year, with net revenue increasing 3.1% to $2.53 billion. The company saw overall same-store sales growth of 3.8%. Burger King led the portfolio with 8.4% same-store sales growth in the U.S., driven by menu enhancements and a turnaround initiative. In contrast, Popeyes experienced a 2.2% decline in U.S. same-store sales due to competitive pricing pressures.

Dine Brands reported mixed third-quarter results, with revenues increasing 15.1% primarily due to a $36.9 million increase in revenue from newly acquired and opened company-owned locations. However, net income fell 35.7% and adjusted EBITDA remained flat. Within its brands, Applebee’s saw 0.9% same-store sales growth, while IHOP achieved 0.8% growth, marking seven consecutive quarters of traffic outperformance.