Restaurant Brands International Inc. reported Thursday financial results for the first quarter ended March 31, 2025, with system wide sales growth of 2.8% year-over-year.
“We are making solid progress executing the fundamentals of our business, despite a slower start to the year. We have clear growth plans across each of our brands and strong alignment with our franchisees. We’re seeing encouraging momentum in Q2 and combined with responsible cost management, are on track to deliver stronger results through the balance of the year and achieve at least 8 percent organic adjusted operating income growth in 2025,” said Josh Kobza, Chief Executive Officer of RBI.
Restaurant Brands International Inc. is one of the world’s largest quick service restaurant companies with nearly $45 billion in annual system-wide sales and over 32,000 restaurants in more than 120 countries and territories. RBI owns four of the world’s most prominent and iconic quick service restaurant brands – TIM HORTONS®, BURGER KING®, POPEYES®, and FIREHOUSE SUBS®. RBI’s principal executive offices are in Miami, Florida. In North America, RBI’s brands are headquartered in their home markets where they were founded decades ago: Canada for Tim Hortons and the U.S. for Burger King, Popeyes and Firehouse Subs.
The company reported for its first quarter:
- System wide sales of $10.496 billion US compared to $10.512 billion in Q1 last year;
- Net restaurant growth of 3.3%;
- Total revenues of $2.109 billion compared to 1.739 billion last year;
- Income from operations of $435 million compared to $544 million last year; and
- Net income from continuing operations of $223 million compared to $328 last year.
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