RBI Q1 2024: comp sales +4.6%, system-wide sales +8.1%; adj. EPS $0.73

Restaurant Brands International Limited Partnership

Consolidated comparable sales increased 4.6% and system-wide sales grew 8.1% YoY to $10.5B.
Income from operations $544M (+21.7% YoY); diluted EPS $0.72 vs $0.61 prior year.
Adjusted diluted EPS of $0.73 declined 0.9% organically; adjusted EBITDA $627M (+6.6%).
TH Canada comps +7.5%, BK US +3.9%, PLK US +6.2%, BK International +4.2%.
$300M expanded remodel program at BK US aims for 85-90% modern image by 2028.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Restaurant Brands International Limited Partnership reported three months ended March 31, 2024 results: revenue $1,739, net income $328, EPS $0.72.

Period: three months ended March 31, 2024
Revenue: $1,739
Net income: $328
EPS: $0.72
Result: reported results

Exact text from the filing

13,639 Consolidated 31,113 29,956 2 Consolidated Financial Highlights Three Months Ended March 31, (in US$ millions, except per share data) 2024 2023 (Unaudited) Total Revenues $ 1,739 $ 1,590 Income from Operations $ 544 $ 447 Net Income $ 328 $ 277 Diluted Earnings per Share $ 0.72 $ 0.61 TH $ 224 $ 212 BK $ 106 $ 96 PLK $ 58 $ 51 FHS $ 10 $ 9 INTL $ 142 $ 137

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Restaurant Brands International Limited Partnership filing history →

Source: SEC EDGAR

accession 0001618755-24-000028

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