earnings
confidence high
sentiment positive
materiality 0.75
RBI Q2 2023: comparable sales +9.6%, adj. EBITDA $665M (+10.3% organic), global restaurants surpass 30,000
Restaurant Brands International Inc.
2023-Q2 EPS reported
$1.37
revenue$3,365,000,000
- Consolidated comparable sales +9.6%, system-wide sales +14% YoY to $10.95B.
- Net income $351M ($0.77 diluted EPS); adj. diluted EPS $0.85 (+6.6% organic).
- Segment comparable sales: TH +11.4%, BK +10.2%, PLK +6.3%, FHS +2.1%.
- Net restaurant growth 4.1% to 30,125; trailing 12-month system-wide sales exceed $40B.
- Adj. EBITDA $665M, up 10.3% organically; net leverage (adj. EBITDA) improved to 4.9x from 5.4x.