earnings
confidence high
sentiment positive
materiality 0.75
RBI Q2 2024 comp sales +1.9%, adj. EPS $0.86 (+3.1% organic), net income $399M
Restaurant Brands International Limited Partnership
- Net income $399M, diluted EPS $0.88 vs $0.77 prior year; adjusted diluted EPS $0.86 (+3.1% organic).
- Consolidated comparable sales +1.9%, system-wide sales +5.0% YoY; net restaurants +4.0%.
- Income from operations $663M vs $554M prior year; adjusted operating income $632M (+9.3% organic).
- Completed Carrols acquisition (May 16) and Popeyes China acquisition (June 28); new Restaurant Holdings segment.
- Five franchisor segments (TH, BK, PLK, FHS, INTL) all grew adjusted operating income YoY.