RBI: Reports Fourth Quarter 2023 Financial Results

Toronto / CA. (rbi) Restaurant Brands International Inc. (RBI) reported financial results for the full year and fourth quarter ended December 31, 2023. CEO Josh Kobza: «We are delivering better experiences for our guests, better profitability for our franchisees and are making the right long-term investments behind the growth of our brands. We have started 2024 with a foundation of strong operational performance and I’m thankful to all our teams, franchisees and their team members who work so hard to make us successful.»

2023 Highlights

  • System-wide Sales Growth of 12.2 percent
  • Net Restaurant Growth of 3.9 percent
  • Income from Operations of USD 2,051 million versus USD 1,898 million in the prior year
  • Net Income of USD 1,718 million versus USD 1,482 million in the prior year
  • Diluted EPS of USD 3.76 versus USD 3.25 in the prior year
  • Adjusted Operating Income of USD 2,200 million up 7.5 percent organically versus the prior year
  • Adjusted Diluted EPS of USD 3.24 versus USD 3.14 in prior year
  • Net Cash Provided by Operating Activities of USD 1,323 million
  • Free Cash Flow of USD 1,203 million

For additional information please read the Company’s PDF file below (175 KB):