Toronto / CA. (rbi) Restaurant Brands International Inc. (RBI) reported financial results for the third quarter ended September 30, 2022. Chief Executive Officer José Cil: «Our strong results this quarter, including 9 percent consolidated comparable sales growth and 4 percent net restaurant growth, reflect the strength of our diversified, global business model, strong free cash flow generation and benefits from our focused investments in key areas including operations, technology, marketing, franchising, and people.»
«Tim Hortons remains a loved destination, with strong sales momentum driven by quality new menu items and great value for money, resulting in accelerated comparable sales growth versus 2019 levels.
Additionally, we are proud that our Burger King franchisees are behind our Reclaim the Flame plan to accelerate growth by engaging existing and new guests, with important investments in marketing, operations, digital, and remodels. Internationally, the Burger King business is driving strong results with over 20 percent system-wide sales growth for the quarter and remains a great example of the power of being guest-led in everything we do.
From a development standpoint, our compelling unit economics and years spent building quality partnerships with franchisees around the world continues to fuel our ability to expand our footprint alongside dedicated, well-capitalized franchisees,» continued Cil.
«We are fortunate to own iconic brands that offer great value for money with menu offerings that are loved by our guests. We will continue to provide guests with the value they love while driving results in a profitable way for our franchisees. I am incredibly proud of the hard work from our franchisees, team members and employees as they execute against our plans and work towards our big dream to build the most loved restaurant brands in the world,» concluded Cil.
For additional information please read the Company’s PDF file below (265 KB):
20221104-RBI-Q3-2022.