News

Sales up at Burger King, Tim Hortons

Restaurant Brands International, parent company of Burger King and Tim Horton’s, today reported positive results for both its brands for the second quarter that ended June 30, 2015

July 27, 2015

Restaurant Brands International, parent company of Burger King and Tim Horton’s, today reported positive results for both its brands for the second quarter that ended June 30, 2015. Tim Hortons comparable sales increased 5.5 percent, and Burger King comparable sales increased 6.7 percent in constant currency, according to a company press release.

“We are pleased to report another quarter of solid results for both of our iconic brands,” said Daniel Schwartz, CEO of Restaurant Brands International. “The continued expansion of our global footprint combined with effective marketing and successful product launches drove system-wide sales growth. We believe our focus on enhancing our guest experience and increasing franchisee profitability will continue to create value for all of our stakeholders — our guests, franchisees, employees and shareholders  — in the second half of the year."

Other Q2 highlights included that:

• Tim Hortons  delivered net restaurant growth of 52, and BK delivered NRG of 141.
• System-wide sales grew 8.4 percent at TH and 11.6 percent at BK in constant currency.
• RBI Adjusted EBITDA was up 19.1  percent on an organic basis to $427 million versus the prior year pro forma amount.
• RBI Adjusted Diluted EPS was 30 cents per share
• And RBI declared a dividend of 12 cents per common share and partnership exchangeable unit of RBI LP for the third quarter of 2015