Restaurant Brands International, owner of Burger King and Tim Hortons, reported a better than expected quarterly profit, helped by new menu items and lower costs.
Total comparable sales at Burger King rose 1.7% in the quarter ended September 30, mostly due to higher demand in Asia Pacific and Latin America.
The rise was much smaller than the 6.2% rise a year earlier, due to decreased demand in the US and Canada, where Burger King faces tough competition from food chains such as McDonald's and Wendy's.
US restaurants are also battling intense competition from upstart chains and meal-kit sellers.
They ae also getting battered by falling grocery prices, which are encouraging more people to eat at home.
Total comparable sales at Tim Hortons, which operates mainly in Canada, rose 2% in the quarter, compared with a growth of 5.3% last year.
Total costs and expenses for Restaurant Brands fell 3% to $655.2m in the quarter under review.
The company's net profit attributable to shareholders rose to $86.3m, or 36 cents per share, in the third quarter, from $49.6m, or 24 cents per share, a year earlier.
On an adjusted basis, Restaurant Brands earned 43 cents per share, beating the analysts' average estimate of 40 cents per share, according to Thomson Reuters I/B/E/S.
The Ontario-based company's revenue rose 5.5% to $1.08 billion, missing analysts' estimate of $1.06 billion.
