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Burger King Chicken Fries help fuel sales surge

Restaurants Brands International said third-quarter profit soared, helped by new restaurants and lower costs.

Restaurant Brands International is the parent company of Burger King and Tim Hortons.

At Burger King, the brand's Fiery Chicken Fries and extra long jalapeno cheeseburger helped drive comparable sales growth, which rose 6.2 percent. At Tim Hortons, the launch of premium breakfast and lunch wraps helped drive outperformance. Comparable sales grew 5.3 percent at the restaurant chain.

Fiery Chicken Fries
Source: Burger King
Fiery Chicken Fries

Same store sales at Burger King were forecast to rise 3.2 percent while those at Tim Hortons were expected to rise 3.3 percent, according to Consensus Metrix.

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The company, posting third-quarter results for the first time, said net profit attributable to shareholders rose to $49.6 million, or 24 cents per share, from $9.6 million, or 5 cents per share, in the second quarter.

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The Oakville, Ontario-based company's revenue fell 2 percent to $1.02 billion in the three months ended Sept. 30.

Restaurant Brands International was forecast to deliver quarterly earnings of 29 cents a share on $1.05 billion in revenue, according to a consensus estimate from Thomson Reuters. It was not immediately clear whether the earnings numbers were comparable.

Reuters contributed to this report.