Looks like that fresh Canadian air is doing Burger King a world of good. After merging with Canadian chain Tim Hortons, the fast-food giant has gone on to post its best North American growth numbers in over nine years.
Burger King's parent company, Restaurant Brands International, reported Monday Burger King saw a 6.9 percent rise in North American same-store sales — that is, sales in stores which have been open for longer than one year. The company also reported an adjusted earnings of 18 cents a share, a few cents higher than analysts' expected.
The rise in sales is credited to Burger King's promotions of limited-time menu items, as well as 15-cent chicken nugget pricing. Restaurant Brands CEO Daniel Schwartz told Bloomberg, "There's no silver bullet -- it's about consistent execution and running great restaurants."
Tim Hortons also had a stellar quarter; the chain reported a North American sales increase of 5.3 percent, beating expectations. That includes an 8.9 percent growth rate in the U.S. alone.
Things aren't going so smoothly for Burger King's perennial rival, McDonald's, which is planning to unveil a turnaround plan next week after reporting a 2.3 percent decline in same-store sales last quarter.
This video includes images from Getty Images.
