From CNBC: 2025-05-08 09:50:00

Restaurant Brands International reported first-quarter earnings and revenue below analysts’ expectations, with same-store sales declining for Popeyes, Burger King, and Tim Hortons. However, CEO Josh Kobza noted a turnaround in sales momentum for the second quarter. Shares rose over 1% in morning trading. Earnings per share were 75 cents adjusted, revenue was $2.11 billion, and net sales climbed 21%.

The company reported a decline in net income attributable to shareholders for the first quarter, with net sales fueled by Popeyes and Firehouse Subs. Overall same-store sales growth was 0.1%, with Tim Hortons reporting a 0.1% decline and Burger King a 1.3% decline. Despite the challenges, Burger King outperformed McDonald’s in U.S. same-store sales.

Popeyes saw the biggest same-store sales drop at 4%, while the international segment experienced 2.6% same-store sales growth. Restaurant Brands reiterated its 2025 forecast, expecting to spend between $400 million and $450 million on capital expenditures and other incentives. The company remains committed to its long-term algorithm projecting 3% same-store sales growth and 8% organic adjusted operating income growth on average from 2024 to 2028.



Read more at CNBC: Restaurant Brands International (QSR) Q1 2025 earnings