RBI reports Q4 system-wide sales +12%, adj. EBITDA $2.38B; appoints Joshua Kobza CEO effective March 1

Restaurant Brands International Inc.

2022-FY EPS reported $3.25 revenue$6,505,000,000

Q4 consolidated comparable sales +7.9%; Tim Hortons Canada +11%, Burger King Intl +8.4%.
Full-year net restaurant growth 4.3% (1,266 net new units); Popeyes had strongest development year since acquisition.
Full-year adjusted diluted EPS $3.14 (vs $2.82 prior); adjusted EBITDA $2.378B (+7.5% organic).
Digital sales surpassed $13.5B in 2022, over one-third of system-wide sales, up >30% YoY.
Joshua Kobza appointed CEO (effective March 1, 2023); CEO José Cil to remain as advisor for one year.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Restaurant Brands International Inc. reported three and twelve months ended December 31, 2022 results: net income $1,482 million, EPS $3.25.

Period: three and twelve months ended December 31, 2022
Net income: $1,482 million
EPS: $3.25
Result: reported results

Exact text from the filing

Restaurant Brands International Inc. (“RBI”) (TSX/NYSE: QSR, TSX: QSP) today reported financial results for the full year and fourth quarter ended December 31, 2022.

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Restaurant Brands International Inc. filing history →

Source: SEC EDGAR

accession 0001618756-23-000007

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