Burger King Owner's Sales Hurt by Deepening Restaurant Slump.

Restaurant Brands International Inc., the owner of Burger King, experienced lower-than-expected sales growth in the second quarter, reflecting a broader decline in consumer spending on dining out. While Tim Hortons' Canada business performed better than anticipated, weakness in the rest of the company's operations offset this. The global trend of consumers cutting back on dining out due to higher prices and reduced disposable income has prompted chains like Burger King to offer deals to attract customers. Despite ongoing efforts to remodel locations and increase advertising, Burger King's sales in the US remained flat compared to the previous year, although it outperformed McDonald's. Restaurant Brands' earnings per share were in line with expectations, and the company reaffirmed its long-term growth guidance. [Extracted from the article]