Burger King U.S. results slip 10% in second quarter

Restaurant Brands International reported a quarterly revenues drop of 25 percent with its Burger King and Tim Hortons brands acting as the main culprits. The company's second quarter net income came to just $163 million, which was far less than the $257 million it produced last year. Burger King reported same-store sales declines of 13.4%, with U.S. store results slipping 9.9% during the quarter. Restaurant Brands claims that things have been looking up ever since March, but its Tim Horton restaurants suffered a nearly 30 percent decline in sales. That's a problem, given that its income is usually around 60 percent of Restaurant Brands International's total sales. The bright spot in the otherwise shaky results came from the company's star performer, Popeyes, which somehow did 25 percent more in sales than it did during the second quarter last year. Restaurants Brands reports that 93 percent of its stores are now open worldwide. Net sales dropped 25 percent to $1.05 billion.