Revenues for the quarter totaled $918.5 million, down 1.6 percent from $933.3 million the year before. Excluding the impact of foreign exchange movements, Burger King revenues grew 8 percent and Tim Hortons revenues grew 5.2 percent over the prior year.
Driving growth at Tim Hortons were successful limited-time offerings, including a croissant breakfast sandwich, grilled wraps and Nutella-filled pastries. At Burger King, Grilled Dogs, which launched in February, have “quickly become guest favorites,” Schwartz said.
“We saw new guests coming to come try the Grilled Dogs, we saw existing guests adding Grilled Dogs to their meals,” he said. “So we saw it as a mix of entrees and as add-ons. So it was a nice healthy mix, with a good ticket average for us. So we were really pleased with the performance of the Grilled Dogs, both from a guest satisfaction and from a franchise profitability standpoint.”