Restaurant Brands International Inc. Reports Second Quarter 2023 Results
Consolidated system-wide sales growth of +14% year-over-year
Global comparable sales of +10%, led by +12% at TH Canada, +12% at BK International and +8% at BK US
RBI surpasses the 30,000-restaurant mark globally, generating over $40 billion in system-wide sales over the last 12 months
Topline strength helped deliver another quarter of improvement in both franchisee and RBI profitability
Toronto, August 8, 2023 - Restaurant Brands International Inc. (“RBI”) (TSX: QSR) (NYSE: QSR) (TSX: QSP) today reported
financial results for the second quarter ended June 30, 2023. Josh Kobza, Chief Executive Officer of RBI commented, "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. I
know the team is very motivated by the significant growth opportunities ahead of us in our home markets and around the
world.”
Second Quarter 2023 Highlights:
• Consolidated comparable sales increased 9.6% and net restaurants grew 4.1% versus the prior year
• System-wide sales increased 14.0% year-over-year
• Net Income of $351 million versus $346 million in prior year
• Adjusted EBITDA of $665 million increased 10.3% organically versus the prior year
• Diluted EPS was $0.77 versus $0.76 in prior year
• Adjusted Diluted EPS of $0.85 increased 6.6% organically versus the prior year

see & read more on
https://s26.q4cdn.com/317237604/files/doc_earnings/2023/q2/earnings-result/RBI-Q2-23-Earnings-Press-Release_Final.pdf