News

Restaurant Brands International releases Q4, 2014 full-year results

Restaurant Brands International Inc. reported financial results for the full year and Q4 ended Dec. 31.

February 17, 2015

Restaurant Brands International Inc. reported financial results for the full year and Q4 ended Dec. 31.

Restaurant Brands International Chief Executive Officer Daniel Schwartz said in a statement, "Positive business momentum in the fourth quarter capped a transformational year for our company. Both the Tim Hortons and Burger King brands continue to deliver positive comparable sales growth and best in class net restaurant growth. With the creation of Restaurant Brands International, a new global powerhouse in the quick-service restaurant industry, we believe both brands are well positioned for long-term sustainable growth and we are excited to introduce the iconic Tim Hortons brand to the rest of the world."

Full Year 2014 Highlights:

• Tim Hortons (TH) comparable sales increased 3.1 percent and Burger King (BK) comparable sales increased 2.1 percent  
• Delivered 186 net restaurant growth at TH and 705 NRG at BK
• System-wide sales grew 6.6 percent at TH and 6.8 percent at BK in constant currency
• TH Adjusted EBITDA grew 10.5 percent on an organic basis to $816 million
• BK Adjusted EBITDA grew 11.5 percent on an organic basis to $726 million
• Paid Burger King Worldwide Inc. dividends of $0.30 per share or approximately $106 million

Fourth Quarter 2014 Highlights:

• TH comparable sales increased 4.1 percent and BK comparable sales increased 3.0 percent
• Delivered 81 NRG at TH and 412 NRG at BK
• System-wide sales grew 7.4 percent at TH and 7.7 percent at BK in constant currency
• TH Adjusted EBITDA grew 10.2 percent on an organic basis to $209 million
• BK Adjusted EBITDA grew 8.8 percent on an organic basis to $189 million