Restaurant Brands International Inc, the proprietor of Tim Hortons, Burger King, and Popeyes, has achieved a strong performance in the second quarter. The company witnessed a notable 14% year-over-year growth in consolidated system-wide sales, surpassing $40 billion. Additionally, there was a commendable global comparable sales surge of over 10%.
RBI is also the owner of Firehouse Subs.
According to the statement, Restaurant Brands Inc has surpassed the milestone of 30,000 restaurants.
The brand achieved a net income of $351 million compared to $346 million in the year 2022.
Additionally, it reported an adjusted EBITDA of $665 million, marking a 10.3% organic increase from the previous year.
“I am very proud of the continued performance of our teams and our franchisees who helped drive 14% growth in system wide sales and another quarter of improved franchisee profitability. We are generating positive momentum and results behind each of our iconic brands by focusing on new menu innovations, supported by exceptional marketing and operations,” shared CEO Josh Kobza by adding that the team is very motivated by the significant growth opportunities ahead of them in their home markets and around the world.
With an annual system-wide sales exceeding $35 billion and a presence in over 100 countries, Restaurant Brands International Inc. stands as one of the globe’s leading quick service restaurant enterprises, boasting a network of over 29,000 restaurants.
