earnings
confidence high
sentiment positive
materiality 0.70
RBI Q1 2024: comparable sales +4.6%, operating income $544M (+22%), EPS $0.72 vs $0.61
Restaurant Brands International Inc.
2024-Q1 EPS reported
$0.72
revenue$1,739,000,000
- Consolidated system-wide sales up 8.1% to $10.5B; net restaurant growth 3.9%.
- Adjusted operating income $540M (+7.7% organic); adjusted diluted EPS $0.73 (-0.9% organic).
- Segment comparable sales: TH Canada 7.5%, BK US 3.9%, PLK US 6.2%, BK International 4.2%.
- Free cash flow $122M vs $77M in prior year; adjusted EBITDA net leverage 4.8x.
- Announced $300M expanded remodel program for BK US targeting 85-90% modern image by 2028.