Restaurant Brands International reported an increase of 2.5% in same-store sales on Wednesday, thanks to stronger-than-anticipated performance from both Burger King and Popeyes locations.

The company’s shares experienced a rise of about 3% in premarket activity.

Here are the key takeaways from the company’s latest financial disclosures:

• Earnings per share: Adjusted at 81 cents, surpassing the expected 79 cents by LSEG.
• Revenue: Reached $2.3 billion, also exceeding the anticipated $2.27 billion from LSEG.

In the fourth quarter, the net income of the restaurant conglomerate stood at $361 million, or 79 cents per share, a decline from $726 million, or $1.60 per share, reported a year prior.

After excluding expenses related to corporate restructuring and other factors, Restaurant Brands recorded earnings of 81 cents per share.

Net sales surged by 26% to $2.3 billion, primarily driven by its acquisitions of the largest U.S. franchisee for Burger King and Popeyes China, both completed last year.

The company enjoyed robust sales performance across all segments during the quarter.

Burger King experienced a 1.5% increase in U.S. same-store sales, exceeding the StreetAccount estimate of 0.8%. The burger chain has been making strides in its recovery for over a year.

Popeyes saw a slight uptick of 0.1% in U.S. same-store sales, marking a turnaround from previous declines.

Meanwhile, Tim Hortons reported a 2.5% growth in domestic same-store sales, contributing to over 40% of Restaurant Brands’ quarterly revenue.

Internationally, the company posted a 4.7% increase in same-store sales, surpassing StreetAccount’s expectations of 2.7%, with both Burger King and Popeyes outlets driving these impressive results.

Additionally, the company expanded its presence by 3.4%, adding 1,055 new locations compared to the same period last year.

Looking ahead to 2025, Restaurant Brands aims to allocate between $400 million and $450 million for consolidated capital expenditures, tenant inducements, and other incentives.