Operations

Restaurant Brands International enjoys solid Q2 growth

Adobe Stock

August 8, 2023

Restaurant Brands International Inc. enjoyed a robust Q2 with consolidated systemwide sales growth of 14%-plus year over year — generating over $40 billion — and a 10%-plus global comparable sales increase.

RBI owns Tim Horton, Burger King, Popeyes and Firehouse Subs.

The company also surpassed the 30,000 restaurant mark, according to a press release.

"I am very proud of the continued performance of our teams and our franchisees who helped drive 14% growth in systemwide sales and another quarter of improved franchisee profitability. We are generating positive momentum and results behind each of our iconic brands by focusing on new menu innovations, supported by exceptional marketing and operations. I know the team is very motivated by the significant growth opportunities ahead of us in our home markets and around the world," Josh Kobza, CEO, stated in a press release on the Q2 earnings.

Highlights include:

• Net Income of $351 million versus $346 million in the prior year.
• Adjusted EBITDA of $665 million increased 10.3% organically versus the prior year.
• Diluted EPS was $0.77 versus $0.76 the prior year.
• Adjusted diluted EPS of $0.85 increased 6.6% organically versus the prior year.