Restaurant Brands International Posts Higher Total Sales For Burger King And Tim Hortons In 4Q 2014

Restaurant chain operator Restaurant Brands International Inc. reported total sales for its Burger King and Tim Hortons brands grew 7.7 percent in the fourth quarter of 2014. Company executives, however, said total costs related to its acquisition of Canadian coffee-and-doughnut chain Tim Hortons brought overall net loss of $514.2 million for the quarter. Total revenue for the period reached $416.3 million. Burger King's total sales in the United States and Canada rose 4.2 percent during the period, compared with the same quarter in the previous year.