RBI reports Q4 2023: system-wide sales +9.6%, adj. diluted EPS $0.75 (+4%)

Restaurant Brands International Limited Partnership

Full-year 2023 system-wide sales grew 12.2% to $42.9B; Q4 comparable sales +5.8% led by Tim Hortons Canada +8.4% and BK US +6.3%.
Adjusted diluted EPS $3.24 vs $3.14 in 2022; Q4 adjusted EPS $0.75 vs $0.72.
Home market franchisee profitability averaged +30% YoY: TH Canada C$280K (vs C$220K), BK US $205K (vs $140K).
Global digital sales reached $14B in 2023 (>1/3 of system-wide sales), up 20% YoY; $1.5B returned to shareholders.
Net leverage (adjusted EBITDA) improved to 4.8x from 5.1x; operating income $2.05B (+8%).

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.85

Restaurant Brands International Limited Partnership reported financial results for the full year and fourth quarter ended December 31, 2023.

Period: the full year and fourth quarter ended December 31, 2023
Result: reported results

Exact text from the filing

Restaurant Brands International Inc. Reports Full Year and Fourth Quarter 2023 Results

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Restaurant Brands International Limited Partnership filing history →

Source: SEC EDGAR

accession 0001618755-24-000013

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