Overview

• Restaurant Brands International reported Q4 2024 revenue of $2.3 billion, surpassing analyst expectations of $2.28 billion.
• Same-store sales grew by 2.5% globally, with Burger King and Popeyes contributing to better-than-expected performance.
• Net sales increased by 26%, largely due to the acquisitions of Burger King's largest U.S. franchisee and Popeyes China in the previous year.
• Tim Hortons, which accounts for over 40% of the company's revenue, experienced continued strong domestic sales growth of 2.5%.
• The company plans to invest $400-$450 million in 2025 for capital expenditures, tenant inducements, and other growth initiatives.