RBI Q1 2023: comparable sales +10.3%, adjusted EPS $0.75 (+22% organic)

Restaurant Brands International Limited Partnership

Consolidated comparable sales +10.3% YoY; BK US +9%, BK International +12%, TH Canada +16%, PLK +5.6%.
System-wide sales $9,832M (+14.7% YoY); net restaurant growth 4.2% to 29,956.
Adjusted EBITDA $588M, up 15.6% organically; net income $277M vs $270M prior year.
Adjusted diluted EPS $0.75 vs $0.64 (+22.1% organic); diluted EPS $0.61 vs $0.59.
TH segment EBITDA $251M, BK $256M, PLK $66M, FHS $15M; net debt $12.3B.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Restaurant Brands International Limited Partnership reported the first quarter ended March 31, 2023 results: revenue $ 1,590, net income $277 million, EPS $0.61.

Period: the first quarter ended March 31, 2023
Revenue: $ 1,590
Net income: $277 million
EPS: $0.61
Result: reported results

Exact text from the filing

comparable sales calculation. 2 Consolidated Financial Highlights Three Months Ended March 31, (in US$ millions, except per share data) 2023 2022 (Unaudited) Total Revenues $ 1,590 $ 1,451 Net Income $ 277 $ 270 Diluted Earnings per Share $ 0.61 $ 0.59 TH Adjusted EBITDA (1) $ 251 $ 231 BK Adjusted EBITDA (1) $ 256 $ 229 PLK Adjusted EBITDA (1) $ 66 $ 56 FHS

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Source: SEC EDGAR

accession 0001618755-23-000019

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