Restaurant Brands International LP

QSP.UN

Equity

ISIN CA76090H1038 / Valor 26358115

Toronto Stock Exchange (2024-12-24)

CAD 101.00+7.76%

Restaurant Brands International LP
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About company

Restaurant Brands International LP is a global quick service restaurant company that owns and operates four well-known brands - TIM HORTONS®, BURGER KING®, POPEYES®, and FIREHOUSE SUBS®. With over 30,000 restaurants in more than 100 countries, the company focuses on leveraging the core values, employee relationships, and community support of each brand to drive growth and success. Through common ownership, Restaurant Brands International benefits from global scale and shared best practices, making it one of the largest players in the industry with over $40 billion in annual system-wide sales.

Summarized from source with an LLMView SourceSector: Finance

Revenue Growth

Restaurant Brands International LP reported a significant increase in total revenues for the third quarter of 2024, reaching $2,291 million compared to $1,837 million in the same period of the previous year. This growth was primarily driven by the inclusion of results from the newly acquired Restaurant Holdings segment, as well as organic growth in system-wide sales at Tim Hortons and International segments.

Operating Income

The company's adjusted operating income for the third quarter of 2024 was $652 million, marking a 6.1% organic increase from the previous year. This growth was attributed to improved segment income across its five franchisor segments, despite unfavorable foreign exchange impacts at Tim Hortons and International.

Earnings Per Share

Restaurant Brands International LP's diluted earnings per share (EPS) for the third quarter of 2024 remained consistent with the prior year at $0.79. However, the adjusted diluted EPS saw a 4.6% organic increase, reaching $0.93, reflecting the company's strong operational performance and strategic acquisitions.

Net Income

The net income for the third quarter of 2024 was reported at $357 million, slightly down from $364 million in the previous year. This decrease was primarily due to higher income tax and interest expenses, partially offset by a reduction in loss on early debt extinguishment.

Outlook

Restaurant Brands International LP remains confident in achieving its target of over 8% organic adjusted operating income growth for 2024 and beyond. The company continues to focus on enhancing franchisee profitability and investing in brand development, with positive trends in consolidated comparable sales observed in October 2024.

Summarized from source with an LLMView Source

Key figures

-1.50%1Y

35.6%3Y

19.1%5Y

Performance

31.5%1Y

68.3%3Y

61.7%5Y

Volatility