Restaurant Brands International Q2 revenues hit $2bn

Restaurant Brands International (RBI) has revealed that total revenues leapt by 17.2% to $2.08bn (£1.63bn) from a year prior, as group-wide sales grew 5.4% to $11.25bn (£8.82bn) in the second quarter to 30 June. 

It comes as net incomes during the period rose by 13.5% to $339m (£265m), which the owner of Tim Hortons, Burger King and Popeyes among others, attributed to an increase in income from operations. 

Meanwhile, adjusted EBITDA also rose 8.4% to $721m (£565m).

More specifically, Tim Hortons saw a 5.4% rise in group-wide sales to $1.93bn (£1.51bn) during the quarter, while Burger King experienced a slight 0.7% decline to $2.92bn (£2.29bn).

Popeyes and Firehouse Subs also saw sales growth of 4.6% and 3.3%, reaching $1.55bn (£1.22bn) and $316m (£247m) respectively. 

While RBI’s international segment saw a 9.2% rise to $4.51bn (£3.5bn) in Q2, Tim Hortons Canada massively contributed to the rise in global comparable sales of 4.9% and 2.6%.   

Despite sales declining at Burger King, its US business managed to maintain stable results. 

Josh Kobza, CEO of Restaurant Brands International, said: “I am proud of our teams and franchisees who are delivering compelling value to guests every day through excellent food and beverages, outstanding service and improved convenience.  

“Our priorities and balance of thoughtful investments with cost discipline allow us to navigate short-term consumer pressures and drive sustainable results for our business and our franchisees.”