Restaurant Brands International has reported higher sales in the second quarter, driven by growth at its Burger King and Tim Hortons businesses.
For the quarter ended June 30, system-wide sales grew 5.3 per cent to $11.8 billion, with comparable sales up 2.4 per cent and a net restaurant growth of 2.9 per cent.
In the US and Canada, Burger King reported a 1.4 per cent increase in comparable sales, and Tim Hortons saw a 3.4 per cent uplift. Meanwhile, comparable sales were down 1.4 per cent at Popeyes and 0.8 per cent at Firehouse Subs.
The international segment, which includes all four brands in other markets, reported a 4.2 per cent improvement in comparable sales.
The company also established its Restaurant Holdings segment during the quarter, following its acquisitions of US Burger King franchisee Carrols Restaurant Group in May and Popeyes China in June.
“We made great progress in the second quarter advancing our strategic priorities, with improved sales trends and strong execution led by our two largest businesses, Tim Hortons and International,” said CEO Josh Kobza.
“Across the system, we’re seeing strong franchisee alignment, impactful marketing, and focused operational initiatives drive meaningful improvements in the guest experience,” he added.
Looking forward, the company continues to expect average comparable sales growth of 3 per cent during the 2024-2028 period.