How Tim Hortons and other fast-food chains are navigating the value meal wars [Video]

The owner of Canada’s most recognizable fast-food chain managed to grow its profit in its most recent quarter, even as a pullback in consumer spending that’s long been roiling retailers cropped up in the quick-serve market.

The chief executive of Restaurant Brands International Inc. (RBI) said his company’s brands — Tim Hortons, Burger King, Popeye’s Louisiana Kitchen and Firehouse Subs — have been “navigating a softer consumer environment.”

“There’s no denying that the environment has been tough,” Joshua Kobza told analysts on a Thursday earnings call.

That sentiment has proliferated the fast-food market in recent months with brands as big as McDonald’s conceding the effects of high interest and mortgage rates would see it adopt a “street-fighting mentality to win,” the company’s chief financial officer Ian Borden said during an April 30 earnings call.

Last week, sales at McDonald’s locations that have been open for at least one year fell …