Restaurant Brands missed first-quarter revenue estimates Thursday, hurt by weak demand at its restaurant chains such as Burger King against the backdrop of tariff-related uncertainty.

The restaurant industry has been battling ongoing sales declines as budget-conscious Americans stick to home-cooked meals, prioritizing spending on essentials over dining out.

The U.S. economy shrank for the first time in three years in the first quarter, signaling consumers are expecting product prices to shoot up due to the escalating global trade tensions.

Restaurant Brands' U.S.-listed shares fell about 2% in premarket trading.

The company reported quarterly revenue of $2.11 billion, compared with analysts' average expectation of $2.13 billion, according to data compiled by LSEG.