Restaurant Brands International (TSX:QSR) Q3 Revenue Declines 8% YoY

1 min read | October 27, 2020 10:53 AM EDT | By Team Kalkine Media

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In the third quarter of FY20, Restaurant Brands International Inc. reported a total revenue of US$ 1337 million, a fall of nearly 8.3 per cent compared with US$ 1458 million in Q3 FY19.
Its adjusted EBITDA was US$ 561 million in Q3 FY20, a drop of over 8 per cent compared with US$ 602 million in Q3 FY19.
The reported adjusted EBITDA was mainly steered by the decrease in Tim Hortons and Burger King adjusted EBITDA, partly compensated by an increase in Popeyes adjusted EBITDA.

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