earnings
confidence high
sentiment positive
materiality 0.75
RBI Q1 2022: system-wide sales +13.7%, comp sales +8%, adj EPS $0.64
Restaurant Brands International Inc.
2022-Q1 EPS reported
$0.59
revenue$1,451,000,000
- System-wide sales grew 13.7% to $9.0B; global comparable sales +8% driven by Tim Hortons Canada >10% and BK International >20%.
- Total revenues $1.45B (up 15%), adjusted net income $295M, adjusted diluted EPS $0.64 vs $0.55.
- Record Q1 restaurant openings; net restaurant growth 4.4%; home market digital sales highest ever.
- Over $400M returned to shareholders via dividends and share repurchases in Q1.
- Segment adj EBITDA: TH $231M, BK $229M, PLK $56M, FHS $14M; net leverage 5.5x.