earnings
confidence high
sentiment positive
materiality 0.75
RBI reports Q4 comparable sales +2.5%, FY 2024 income from operations up 17.9% to $2.419B
Restaurant Brands International Limited Partnership
- Global system-wide sales +5.6% in Q4; comparable sales +2.5% led by International +4.7% and TH Canada +2.5%.
- Total revenues $2.30B in Q4, $8.41B for FY 2024; income from operations $635M in Q4, $2.42B for FY 2024 (+17.9% YoY).
- Adjusted diluted EPS $0.81 in Q4, $3.34 for FY 2024; adjusted EBITDA $688M in Q4, $2.78B for FY 2024.
- Returned ~$1.0B to shareholders in 2024; declared 2025 dividend of $2.48 per common share.
- Net leverage at 4.6x; home market franchisee profitability improved for TH Canada and BK US.