RBI: Reports Fourth Quarter 2022 Financial Results

Oakville / CA. (rbi) Restaurant Brands International Inc. (RBI) reported financial results for the full year and fourth quarter ended December 31, 2022. José Cil, Chief Executive Officer: «We rounded out an exciting 2022 with another strong quarter, including nearly 8 percent consolidated comparable sales and 4 percent net restaurant growth, reflecting the strength of four iconic, global brands.

«Tim Hortons Canada capped off an impressive year with comparable sales of 11% in the fourth quarter, benefiting from strong sales momentum as the team executes against its strategic priorities. At Burger King US, we saw sequential improvement in comparable sales in the first quarter of our Reclaim the Flame plan while driving further underlying improvements in operations across the system. On the Burger King International front, we once again delivered double-digit comparable sales with strong digital capabilities helping drive results.

«Popeyes delivered its strongest year of restaurant growth since we acquired the brand in 2017, reaching nearly 4,100 restaurants worldwide. Meanwhile Firehouse Subs wrapped up its first full year in the RBI family, making important progress to position the brand to accelerate development and digital growth in the years ahead,» continued Cil.

«We are focused on being guest-led in everything we do, setting our franchisees up for long-term success and as a result, setting ourselves, and our shareholders, up for long-term value creation. I’d like to thank our employees, franchisees, and team members for all their hard work and dedication throughout 2022,» concluded Cil.

For additional information please read Restaurant Brands International’s PDF file below (233 KB):


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