RBI: Reports Fourth Quarter 2020 Financial Results

Oakville / CA. (rbi) Restaurant Brands International Inc. (RBI) reported financial results for the full year and fourth quarter ended December 31, 2020. Chief Executive Officer Jose Cil commented, «We are confident that our efforts in food and beverage quality, restaurant experience, digital leadership and brand building will be beneficial to returning our business to the growth we know we are capable of in all three brands. While we ended 2020 with about the same restaurant count as 2019, we have been working closely with our network of franchisees on restarting the development engine and expect to deliver net restaurant growth roughly in line with what we delivered in 2018 and 2019. Strong results in 2021 will help pave the way toward our aspiration of achieving 40,000 restaurants in the coming years.»

Cil continued, «Driving rapid digital innovation has been essential to the recovery of our business. We increased support for and continued to build on our e-commerce platforms, reimagined service opportunities like curbside pickup and expanded delivery services into thousands of new restaurants. The outcome has been the more than doubling of digital sales in North America. The quality of our plans today is the result of a team that refused to be distracted by short-term barriers that we couldn’t control and instead focused on the right long-term priorities to grow our restaurant brands for many years to come,» concluded the CEO.

For additional information please read Restaurant Brands International’s PDF file below (526 KB):