Restaurant Brands International, the parent company of Burger King and Canadian coffee and doughnut chain Tim Hortons, reported sales growth in the final three months of 2014 as it credited new menu items for driving traffic.
EBITDA for the quarter grew 2.8% to $397.7m (£259.1m), while total revenue stood at $416.3m. Comparable store sales grew 4.1% at Tim Hortons and 3% at Burger King in the quarter.
On the back of the results the company said that making Tim Hortons “a household name around the world” was its prime growth goal.
Restaurant Brands, which has more than 18,000 restaurants in 100 countries, posted a net loss of $514.2m on the back of the $102bn acquisition of Tim Hortons during the year.
For the year, revenue was $1.2bn, while Tim Hortons same-store sales climb 3.1% and Burger King reported a 2.1% increase. The two chains are managed as separate brands under the parent company.
Last month, the company cut some 350 corporate jobs at Tim Hortons as part of the post-merger reorganization.
