Restaurant Brands International (QSR) outperformed other fast food restaurants in 3Q17 by posting revenue growth of 12.4%. Its revenue was $1.2 billion compared to $1.1 billion in 3Q16.
Revenue growth was driven by the addition of new restaurants and positive SSSG (same-store sales growth) in Burger King and Tim Hortons. However, the decline in same-store sales in Popeyes Louisiana Kitchen offset some of the growth in 3Q17 revenue.
More revenue performance
Restaurant Brands International was followed by McDonald’s (MCD). In 3Q17, McDonald’s (MCD) posted revenue of $5.8 billion, which represents a fall of 10.4% from $6.4 billion in 3Q16. The refranchising led to 198 fewer company-owned restaurants compared to 3Q16, which led to a decline in McDonald’s revenue. However, some of the decline was offset by positive SSSG.
McDonald’s was followed by Jack in the Box (JACK). In 3Q17, JACK’s revenue fell 15% from $398.4 million to $338.8 million. In 3Q17, the company operated 141 fewer company-owned restaurants, which, along with the decline in same-store sales for both Jack in the Box and Qdoba Mexican Eats, led to a decline in the company’s revenue. However, some of the declines were offset by the addition of 27 new Qdoba restaurants in the last four quarters.
Wendy’s (WEN) posted revenue of $308 million in 3Q17, which represents a fall of 15.4% from $364 million. Due to optimization initiatives, the company operated 249 fewer company-owned restaurants compared to 3Q16, which led to a decline in revenue. The decline in SSSG also contributed to the fall in revenue.
Next, we’ll look at same-store sales growth for our fast food restaurants in 3Q17.