'Even in a somewhat challenging consumer environment, they're outperforming the industry by a wide margin, and they've been doing it consistently for a long ...
A Tim Hortons store is reflected in a rain puddle as business goes on despite a wildfire risk in Fort McMurray, Alta., Thursday, May 16, 2024.THE CANADIAN PRESS/Jeff McIntosh) executives say the coffee and doughnut chain holds the key to improving slowing sales at Burger King , Popeyes Louisiana Kitchen , and Firehouse Subs .
“We clearly saw softer-than-expected sales across our businesses in Q2, and it’s not yet clear when we will see the category strengthen,” RBI executive chairman Patrick Doyle told analysts on a post-earnings conference call Thursday morning. By contrast, Kobza says sales at Burger King were “clearly softer than we aspire to,” with sales at Popeyes and Firehouse reflecting the impact of increasingly cost-conscious consumers.“What builds a great restaurant business is continually improving your food, improving your servings, making your restaurants look great, and having a great relationship with terrific, motivated franchisees,” Kobza said. “We’re seeing that with Tims, and it's frankly the template for success elsewhere for us.
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