Restaurant Brands International reported fourth-quarter earnings and revenue that exceeded expectations, driven by strong international growth. However, shares fell 6% in morning trading. The company reported adjusted earnings per share of 96 cents, beating the expected 95 cents, and revenue of $2.47 billion, higher than the expected $2.41 billion. Net sales rose 7.4% to $2.47 billion, with same-store sales increasing by 3.1%.

Outside of the U.S. and Canada, Restaurant Brands saw a 6.1% increase in same-store sales. The company plans to expand internationally, forming a joint venture for Burger King China to accelerate growth. Burger King reported a 2.7% same-store sales growth, while Tim Hortons reported 2.9% growth. Popeyes experienced a 4.8% decline in same-store sales but plans to revitalize the chain. Executives are confident in the steps being taken to improve performance, including focusing on operations and brand consistency.

Read more at CNBC: Restaurant Brands International (QSR) Q4 2025 earnings