earnings
confidence high
sentiment positive
materiality 0.80
RBI Q3 2022: comparable sales +9%, net income $530M, adjusted EPS $0.96
Restaurant Brands International Limited Partnership
- Consolidated system-wide sales up 14%; comparable sales accelerated to 9% YoY.
- Digital sales hit ~$3.4B, representing one-third of total system-wide sales.
- Net income $530M ($1.17 diluted EPS); adjusted net income $436M ($0.96 adjusted EPS).
- Segment Adjusted EBITDA: Tim Hortons $305M, Burger King $262M, Popeyes $62M, Firehouse $13M.
- Net restaurant growth of 3.9% (consolidated); net leverage unchanged at 5.2x.