RESTAURANT Brands International, the owner of Burger King and Tim Hortons, reported second-quarter profit that beat analysts’ estimates as new menu items and a push to keep costs low helped the company weather a rough patch for the fast-food industry.Profit was 41c a share, excluding some items, the Ontario-based company said on Thursday. Analysts had estimated 35c, on average. Revenue was little changed at $1.04bn, in line with analysts’ $1.05bn average projection.Burger King has relied on new food and meal deals to draw customers in a fiercely competitive market.The company recently started selling Mac n’ Cheetos, deep-fried sticks of macaroni and cheese encrusted in Cheetos-flavoured breading. Earlier in 2016, it added grilled Oscar Mayer hot dogs to its menu, along with an Egg-normous burrito and Chicken Fries Rings.And despite tepid sales in the quarter, the company managed to increase profit by limiting expenses, a hallmark of private equity firm 3G Capital, which has managed ...
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