Restaurant Brands International Inc. reported 8.3% organic adjusted operating income growth in Q4 2025, marking the third consecutive year of roughly 8% growth despite challenging consumer conditions. Tim Hortons Canada outperformed the industry, driven by record cold beverage sales. The international segment achieved double-digit sales growth with Burger King China transition and Popeyes expansion.

Burger King US outperformed the industry with initiatives like ‘Reclaim the Flame.’ Popeyes US acknowledged a performance gap and plans to refocus on core products. The portfolio simplification continued with the acquisition of Burger King China equity. The company aims for a fourth year of 8% growth and expects Burger King China growth to reaccelerate in 2026.

Burger King China is discontinued in 2025. Burger King modern image remodels may be delayed due to high costs. A Popeyes franchisee bankruptcy is seen as isolated. Tim Hortons faces challenges from tariffs and commodity costs but remains resilient. Management sees growth potential in emerging markets and brand positioning strategies. Popeyes International system sales doubled in two years. The brand is focusing on core products and refranchising efforts are ahead of schedule.

Read more at Yahoo Finance: Restaurant Brands International Inc. Q4 2025 Earnings Call Summary