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Restaurant Brands International inc (QSR) Q2 2021 Earnings Call Transcript
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Executives at Tim Hortons have for several years monitored customer responses to this question: How close do you feel to the Tim Hortons brand?
That is, close in an emotional way, not a geographical one. As in: How near and dear do you hold the national coffee and doughnuts chain in your heart?
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Responses to the question, on a scale of one to 10, feed into a metric called “brand closeness.” A high score signals that customers feel they have an emotional relationship with Tim Hortons, rather than a purely transactional one, said Duncan Fulton, chief corporate officer for parent company Restaurant Brands International Inc.
Comp sales jumped 0.7% at Burger King & 1.5% at Popeyes in the first quarter.
Restaurant Brands shares were up roughly 3% in premarket trading on Friday.
Restaurant Brands International Inc. (TSE: QSR) published its earnings report for the fiscal first quarter on Friday that topped analysts’ estimates for earnings and revenue, despite the ongoing COVID-19 restrictions.
1. Financial performance
Restaurant Brands said that its net income in the first quarter came in at £129.07 million that translates to 41.82 pence per share. In the comparable quarter of last year, its net income was capped at a lower £103.83 million, or 34.61 pence per share.
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