RBI: Reports First Quarter 2024 Results

Toronto / CA. (rbi) Restaurant Brands International Inc. (RBI) reported financial results for the first quarter ended March 31, 2024. Chief Executive Officer Josh Kobza: «I am proud of the hard work our teams and franchisees are doing to deliver high-quality products, great service and a compelling value proposition for guests every day. Our results are a reflection of their efforts and the strong foundation we have built that sets us up to drive continued improvements in franchisee profitability and deliver our long-term outlook.»

First Quarter 2024 Highlights

  • Consolidated comparable sales increased 4.6 percent and net restaurants grew 3.9 percent versus the prior year
  • System-wide sales increased 8.1 percent year-over-year
  • Income from Operations of USD 544 million versus USD 447 million in the prior year
  • Net Income of USD 328 million versus USD 277 million in prior year
  • Diluted EPS was USD 0.72 versus USD 0.61 in prior year
  • Adjusted Operating Income of USD 540 million increased 7.7 percent organically versus the prior year
  • Adjusted Diluted EPS of USD 0.73 decreased (0.9) percent organically versus the prior year

For additional information please read the Company’s PDF file below (332 KB):