earnings
confidence high
sentiment positive
materiality 0.70
RBI Q1 2022: global comp sales +8%, revenue $1.45B, adjusted EPS $0.64
Restaurant Brands International Limited Partnership
- System-wide sales grew 14% YoY to $9.0B; comparable sales +8% driven by Tim Hortons Canada (+10%) and BK International (+20%).
- Total revenues $1,451M (up 15% YoY); net income $270M; adjusted diluted EPS $0.64 vs $0.55 a year ago.
- Record Q1 net restaurant growth of 4.4%; 29,576 total restaurants; digital sales in home markets reached highest-ever percentage.
- Over $400M returned to shareholders via dividends and share buybacks in Q1.