News

RBI posts 'strong start' for Q1

Restaurant Brands International Inc. reported financial results for Q1 ended March 31, 2015.

April 29, 2015

Restaurant Brands International Inc. reported financial results for Q1 ended March 31, 2015.

Daniel Schwartz, CEO of Restaurant Brands International said in a company press release, "We are off to a strong start in 2015, having achieved one of our best quarters of comparable sales growth in years for both of our iconic brands, Tim Horton's and Burger King. We continue to execute on brand-specific strategies across marketing, operations and development. We have established a solid foundation in our first full quarter as RBI and will look to build on this momentum throughout the rest of the year."

First Quarter 2015 Highlights:

• Tim Hortons (TH) comparable sales increased 5.3 percent and Burger King comparable sales increased 4.6 percent  
• TH delivered 53 net restaurant growth and BK delivered NRG of 15
• System-wide sales grew 8.1 percent at TH and 9.6 percent at BK in constant currency
• RBI Adjusted EBITDA was up 18.1 percent on an organic basis to $354.6 million versus the prior year pro forma amount
• RBI Adjusted Diluted EPS of $0.18 per share
• RBI declared a dividend of $0.10 per common share and partnership exchangeable unit of RBI LP for the second quarter of 2015