earnings
confidence high
sentiment neutral
materiality 0.75
RBI Q3 2024: consolidated comps +0.3%, adj. op. income +6.1% organically
Restaurant Brands International Limited Partnership
- System-wide sales +3.2% YoY to $11.4B; global comparable sales +0.3%.
- GAAP diluted EPS $0.79 flat YoY; adjusted diluted EPS $0.93, +4.6% organically.
- Adjusted Operating Income $652M, +6.1% organically (ex-FX and RH).
- Segment comparable sales: TH +2.3%, BK -0.7%, PLK -4.0%, FHS -4.8%, INTL +1.8%.
- Net restaurant growth +3.8%; on track for 8%+ organic AOI growth in 2024.