Restaurant Brands International Inc. reported Thursday financial results for the second quarter ended June 30.
“We made great progress in the second quarter advancing our strategic priorities, with improved sales trends and strong execution led by our two largest businesses, Tim Hortons and International. Across the system, we’re seeing strong franchisee alignment, impactful marketing, and focused operational initiatives drive meaningful improvements in the guest experience. With positive momentum heading into the back half of the year, we remain confident in our ability to deliver 8%+ 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 over $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.
FINANCIAL HIGHLIGHTS
(Compared to last year’s quarter)
- System-Wide Sales Growth 5.3 %;
- System-Wide Sales $11.853 billion US;
- Comparable Sales 2.4 %;
- Net Restaurant Growth 2.9 %;
- System Restaurant Count at Period End 32,229;
- Total Revenues $2.41 billion compared to $2.08 billion last year.
“For the second quarter, the increase in Total Revenues was primarily driven by higher Supply Chain Sales due to increases in commodity prices, System-wide Sales, and CPG net sales, partially offset by a $10 million unfavorable FX Impact. Excluding the FX Impact, Total Revenues increased $63 million,” said the company.
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