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The structure of the company’s Russian business hampers its ability to shutter restaurants in the market like some of its competitors.
Burger King’s announcement comes after several other U.S. fast-food chains — including rival McDonald’s — suspended business in Russia.
U.S. fast-food chains have limited exposure to Russia and Ukraine, but McDonald’s is under the most pressure, according to Bank of America Securities.
Restaurant Brands International on Tuesday reported quarterly earnings and revenue that topped analysts’ expectations.
Restaurant Brands International on Tuesday reported quarterly earnings and revenue that topped analysts’ expectations.