earnings
confidence high
sentiment positive
materiality 0.80
RBI Q4 adj. EPS $0.74; system-wide sales +13.8%; digital sales $10B; Firehouse Subs acquired
Restaurant Brands International Inc.
2021-FY EPS reported
$2.69
revenue$5,739,000,000
- FY 2021 diluted EPS $2.69 vs $1.60; adjusted diluted EPS $2.82 vs $2.03.
- Q4 system-wide sales +13.8%; comparable sales: Tim Hortons +10.3%, BK +11.3%, Popeyes -0.4%.
- Global digital sales $10B in 2021, up >65% from $6B, representing ~30% of system sales.
- Net restaurant growth 4.5%; opened >1,200 net new units; Firehouse Subs acquired Dec 15, 2021.
- Dividend increased to $0.54/share for Q1 2022; targeting $2.16 annual dividend for 2022.