Restaurant Brands International Reports Strong Q4 2024 Earnings
Restaurant Brands International (RBI), the parent company of Tim Hortons, Burger King, and other popular restaurant chains, has announced its financial results for the fourth quarter of 2024. The company’s earnings per share exceeded Wall Street’s expectations, with a significant margin of outperformance.
Key Highlights
- Earnings per share exceeded forecasts by a significant margin
- Revenue surpassed estimates, driven by strong demand for value meals at Burger King and growth in Tim Hortons coffee sales
- Same-store sales increased by 2.5%, with international growth being a key contributor to the results
Revenue and Growth
- Revenue for the quarter exceeded estimates, driven by strong demand for value meals at Burger King and growth in Tim Hortons coffee sales
- Same-store sales increased by 2.5%, with international growth being a key contributor to the results
Shareholder Returns
- RBI has raised its dividend by 6.9% for the quarter
- The company returned a significant amount of capital to shareholders in 2024
Note: The financial results are based on RBI’s official announcement and may not reflect the company’s full-year performance.