RBI: Reports First Quarter 2023 Financial Results

Toronto / CA. (rbi) Restaurant Brands International Inc. (RBI) reported financial results for the first quarter ended March 31, 2023. Josh Kobza, Chief Executive Officer of RBI commented, «Our teams delivered a solid start to the year, with double-digit comparable sales and system-wide sales growth. Top line sales momentum translated into bottom line growth for our franchisees and our company. I am confident in our plans for future growth and would like to thank our teams who are focused on improving operations and delivering a great guest experience every day at our restaurants.» First Quarter 2023 Highlights:

  • Consolidated comparable sales increased 10.3 percent and net restaurants grew 4.2 percent versus the prior year
  • System-wide sales increased 14.7 percent year-over-year
  • Net Income of USD 277 million versus USD 270 million in prior year
  • Adjusted Ebitda of USD 588 million increased 15.6 percent organically versus the prior year
  • Diluted EPS was USD 0.61 versus USD 0.59 in prior year
  • Adjusted Diluted EPS of USD 0.75 increased 22.1 percent organically versus the prior year

For additional information please read Restaurant Brands International’s PDF file below (193 KB):