RBI reports Q4 system-wide sales growth 14%; FY adjusted EPS $2.82

Restaurant Brands International Limited Partnership

Q4 system-wide sales growth 14% YoY; comparable sales up 10.3% at Tim Hortons Canada, 11.3% at Burger King US.
Global digital sales reached $10B in 2021, up from $6B in 2020, representing ~30% of system-wide sales.
FY 2021 adjusted diluted EPS $2.82 vs $2.03; net income $1,249M vs $748M.
Acquired Firehouse Subs Dec 15, 2021; opened over 1,200 net new restaurants in 2021.
Targeting $2.16 per share dividends for 2022, up from $1.92 in 2021 (Q1 dividend $0.54).

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