The earnings call highlighted strong performance in several key areas, including Tim Hortons' growth and international expansion. However, challenges persist with Burger King U.S., Firehouse Subs, and geopolitical issues impacting growth. Despite these challenges, the company remains confident in its ability to deliver 8% plus organic AOI growth in 2025.

Company Guidance

During the Restaurant Brands International Full-Year Fourth Quarter 2024 Earnings Conference Call, the company highlighted several key metrics and achievements. In 2024, RBI reported a 2.3% growth in comparable sales, a 3.4% increase in net restaurants, and a 5.4% rise in system-wide sales. The company achieved a significant 9% organic adjusted operating income growth. Tim Hortons Canada exceeded expectations with a 4.3% increase in comparable sales, driven by traffic growth and operational improvements, surpassing CAD305,000 in average four-wall EBITDA. Burger King U.S. saw stable average four-wall EBITDA at $205,000, while Popeyes U.S. improved to over $255,000. Firehouse Subs experienced a decline to $90,000 due to category challenges. The company remains optimistic about 2025, targeting another year of 8% plus organic adjusted operating income growth.

Strong Overall System-Wide Sales Growth

In 2024, Restaurant Brands International (RBI) grew system-wide sales by 5.4% and achieved a 9% organic adjusted operating income growth.

Tim Hortons Surpasses $1 Billion in Adjusted Operating Income

Tim Hortons delivered a strong performance in 2024, surpassing $1 billion in AOI for the first time and outperforming major peers in the Canadian market.

International Segment Performance

RBI's international segment closed the year with over 15,600 restaurants and over $18 billion in system-wide sales. In 2024, international comparable sales grew 3.3%.

Franchisee Profitability Improvements

Average four-wall EBITDA for Tim's Canada increased to CAD305,000, and Popeyes U.S. increased to just over $255,000.

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Restaurant Brands International (DE:0R6) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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DE:0R6 Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 06, 2025	2025 (Q1)	0.76 / -	0.674	―	―	―
Feb 12, 2025	2024 (Q4)	0.75 / 0.78	0.684	13.86% (+0.09)	―
Nov 05, 2024	2024 (Q3)	0.88 / 0.87	0.827	4.72% (+0.04)	―
Aug 08, 2024	2024 (Q2)	0.80 / 0.79	0.77	3.23% (+0.02)	―
Apr 30, 2024	2024 (Q1)	0.66 / 0.67	0.687	-1.86% (-0.01)	―
Feb 13, 2024	2023 (Q4)	0.66 / 0.68	0.646	5.83% (+0.04)	―
Nov 03, 2023	2023 (Q3)	0.78 / 0.83	0.886	-6.68% (-0.06)	―
Aug 08, 2023	2023 (Q2)	0.69 / 0.77	0.709	8.63% (+0.06)	―
May 02, 2023	2023 (Q1)	0.58 / 0.69	0.553	24.18% (+0.13)	―
Feb 14, 2023	2022 (Q4)	0.67 / 0.65	0.635	1.80% (+0.01)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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DE:0R6 Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 12, 2025	€64.00	€65.28	+2.00%
Nov 05, 2024	€63.63	€61.89	-2.74%
Aug 08, 2024	€64.42	€63.14	-1.98%
Apr 30, 2024	€67.11	€67.40	+0.44%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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