RBI: Reports Second Quarter 2023 Financial Results

Toronto / CA. (rbi) Restaurant Brands International Inc. (RBI) reported financial results for the second quarter ended June 30, 2023. Chief Executive Officer Josh Kobza: «I am very proud of the continued performance of our teams and our franchisees who helped drive 14 percent growth in system-wide sales and another quarter of improved franchisee profitability. We are generating positive momentum and results behind each of our iconic brands by focusing on new menu innovations, supported by exceptional marketing and operations. I know the team is very motivated by the significant growth opportunities ahead of us in our home markets and around the world.» Second Quarter 2023 Highlights:

  • Consolidated comparable sales increased 9.6 percent and net restaurants grew 4.1 percent versus the prior year
  • System-wide sales increased 14.0 percent year-over-year
  • Net Income of USD 351 million versus USD 346 million in prior year
  • Adjusted Ebitda of USD 665 million increased 10.3 percent organically versus the prior year
  • Diluted EPS was USD 0.77 versus USD 0.76 in prior year
  • Adjusted Diluted EPS of USD 0.85 increased 6.6 percent organically versus the prior year
For additional information please read Restaurant Brands International’s PDF file below (146 KB):