Feb 12 (Reuters) - Restaurant Brands International Inc's QSR.TO QSR.N profit topped analysts' forecasts in the fourth quarter as it lured more diners to its Burger King restaurants through new snacks and affordable burgers.
Canada-based Restaurant Brands said on Monday comparable sales at Burger King, known for its Whopper burgers and onion rings, rose 4.6 percent in the quarter ended Dec. 31. Analysts on average had expected growth of 2.5 percent, according to Consensus Metrix.
Restaurant Brands, which also owns the Tim Hortons and Popeyes Louisiana Kitchen restaurant chains, said total revenue climbed 11 percent to $1.23 billion.
Food chain owners including Restaurant Brands, McDonald's Corp (NYSE:MCD) MCD.N and Pizza Hut parent Yum Brands YUM.N have been offering cheaper-priced meals and more breakfast and coffee items as they lock horns to attract more diners.
Restaurant Brands said net profit attributable to shareholders more than tripled to $395 million or $1.59 per share. one-time items, the company earned 66 cents per share, beating analysts' average estimate of 57 cents, according to Thomson Reuters I/B/E/S.