News

BK, Tim Hortons report solid Q3 gains

October 24, 2016

Burger King and Tim Hortons brands parent, Restaurant Brands International Inc., today reported financial results for the quarter that ended Sept. 30. Overall, the brands both made gains for the period, including these highlights for Q3: 
•    RBI Total Revenues of $1,075.7 million versus $1,019.7 million in prior year period.
•    RBI Net Income Attributable to Common Shareholders of $86.3 million versus $49.6 million in prior year period.
•    RBI Diluted EPS of $0.36 versus $0.24 in prior year period.
•    Tim Hortons comparable sales increased 2.0 percent and Burger King comparable sales increased 1.7 percent in constant currency.
•    Restaurant count increased 3.4 percent at Tim Hortons and 3.9 percent at Burger King year-over-year.
•    Tim Hortons system-wide sales grew 4.8 percent, Burger King grew 7 percent in constant currency.
•    RBI Adjusted EBITDA of $488.9 million was up 11.3 percent on an organic basis versus prior year results.
•    RBI Adjusted Diluted EPS of 43 cents was up 34.5 percent versus prior year results.
•    RBI declared a dividend of 17 cents per common share and partnership exchangeable unit of Restaurant Brands International Limited Partnership for the fourth quarter of 2016.