Burger King’s Sales Miss, Staff Crunch Eat Into Restaurant Brands’ Revenue

Burger King’s Sales Miss, Staff Crunch Eat Into Restaurant Brands’ Revenue
The Burger King company logo stands on a sign outside a restaurant in Bretigny-sur-Orge, near Paris, France on July 30, 2020. Benoit Tessier/Reuters
Reuters
Updated:

Burger King and Tim Hortons are struggling with a staffing crunch and the Delta variant keeping coffee-loving office workers at home, causing parent Restaurant Brands International Inc. to miss estimates for quarterly revenue on Monday.

Restaurant Brands also faced stiff competition from McDonald’s Corp. and Wendy’s Co. doubling down on marketing and launching new menu items.