Restaurant Brands International Inc

QSR

Equity

ISIN CA76131D1033 / Valor 26358061

Toronto Stock Exchange (2024-11-22)

CAD 96.68-0.80%

Restaurant Brands International Inc
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About company

Restaurant Brands International Inc. (RBI) is a leading entity in the quick service restaurant industry, boasting a significant global presence with over 30,000 restaurants across more than 100 countries and generating more than $40 billion in annual system-wide sales. The company is the proprietor of four major quick service restaurant brands: TIM HORTONS®, BURGER KING®, POPEYES®, and FIREHOUSE SUBS®. Each of these brands operates independently, catering to a diverse customer base with a variety of menu options. RBI focuses on growth and operational excellence by capitalizing on the unique strengths and values of its brands, fostering strong relationships with employees and franchisees, and leveraging the advantages of global scale and shared best practices. The company's strategy emphasizes not only business expansion but also a commitment to improving sustainable outcomes in its operations and communities.

Summarized from source with an LLMView SourceSector: Consumer Non-Cyclicals

Revenue Growth

Restaurant Brands International Inc. reported a significant increase in total revenues for the second quarter of 2024, reaching $2,080 million compared to $1,775 million in the same period of the previous year. This growth was primarily driven by an increase in company restaurant sales and system-wide sales at Tim Hortons, Burger King, and Popeyes Louisiana Kitchen.

Net Income

For the second quarter of 2024, Restaurant Brands International Inc. achieved a net income of $399 million, up from $351 million in the second quarter of 2023. This increase was largely attributed to higher income from operations and favorable changes in equity method investments.

Comparable Sales

Restaurant Brands International Inc. saw a consolidated comparable sales increase of 1.9% in the second quarter of 2024. This growth was driven by a 4.9% increase at Tim Hortons Canada and a 2.6% increase in international markets, while Burger King US maintained stable results.

Adjusted Operating Income

In the second quarter of 2024, Restaurant Brands International Inc. reported an adjusted operating income of $632 million, reflecting a 9.3% organic increase compared to the previous year. This growth was supported by year-over-year improvements in all five franchisor segments.

Dividends and Earnings Per Share

Restaurant Brands International Inc. reported diluted earnings per share (EPS) of $0.88 for the second quarter of 2024, up from $0.77 in the same quarter of the previous year. Additionally, the adjusted diluted EPS increased to $0.86, reflecting a 3.1% organic growth year-over-year.

Summarized from source with an LLMView Source

Key figures

0.34%1Y

31.2%3Y

12.2%5Y

Performance

20.8%1Y

21.1%3Y

29.9%5Y

Volatility