#QSR #Restaurant Brands #RBI

Introduction

Restaurant Brands International Inc. (RBI), the parent company of well-known fast-food chains such as Tim Hortons, Burger King, Popeyes, and Firehouse Subs, has recently announced its financial results for the first quarter of 2026. The results reflect a strong start to the year, showcasing the effectiveness of its strategic initiatives and operational improvements.

Financial Highlights

As of March 31, 2026, RBI reported a consolidated system-wide sales growth of 6.2% compared to the previous year, reaching $11.51 billion. This uptick in sales is particularly notable in the international market, where system-wide sales grew by an impressive 11.1%. The comparable sales increased by 3.2%, with Burger King experiencing growth of 5.8% in the U.S. and 5.7% internationally.

CEO Josh Kobza commented on the results, highlighting the company's commitment to generating shareholder returns through resumed share repurchases and an increasing dividend policy, with an expectation to repurchase up to $500 million in shares throughout 2026. RBI aims for an 8% or more organic Adjusted Operating Income growth this year.

Segment Performance

RBI operates through several segments, each showing varied performance:

• - Tim Hortons (TH): The segment reported a sales growth of 2.4% compared to last year, with comparable sales at 1.6%. Tim Hortons demonstrated consistent revenue generation and continues to engage its customers effectively.
• - Burger King (BK): This segment showcased a robust recovery, with a significant increase in system-wide sales by 5.5% and comparable sales up by 5.8%. The multi-year