Restaurant Brands International has posted revenue of US$7 billion for FY23, up from $6.5 billion in the prior year.

The company’s system-wide sales grew 12.2 per cent, while net income rose to $2 billion from $1.89 billion last year.

Tim Hortons US and Canada saw comparable sales growth of 10.4 per cent, while total revenues reached $3.97 billion. The brand ended the year with 4525 locations in the two markets.

Revenue of Burger King increased to $1.29 billion in the US and Canada, with comparable sales up 7.4 per cent. The store count as of December 31 was 7144.

The Popeyes brand in the US and Canada ended the year with a 4.8 per cent improvement in comparable sales and 3394 restaurants, while revenues rose to $692 million.

Firehouse Subs US and Canada posted a 3.8 per cent increase in comparable sales and revenue of $187 million. The chain exited the year with 1265 outlets.

The international segment, which includes all operations of all brands outside the US and Canada, reported comparable sales growth of 9 per cent. The segment closed FY23 with revenue of $874 million and 14,742 locations.

 “We are delivering better experiences for our guests, better profitability for our franchisees and are making the right long-term investments behind the growth of our brands,” said Josh Kobza, CEO of Restaurant Brands International.