Strong Overall Performance
Q3 saw comparable sales up 4%, net restaurant growth of 2.8%, and system-wide sales growth of 6.9%. Organic adjusted operating income grew 8.8%, and nominal EPS grew in double digits.
Tim Hortons Canada Success
Tim Hortons Canada delivered 18 consecutive quarters of positive same-store sales. Comparable sales grew 4.2% in Q3, outperforming the broader Canadian QSR industry by 3 points.
International Business Growth
International operations, contributing 26% of operating profit, saw same-store sales increase by 6.5% and system-wide sales growth of more than 12%.
Burger King U.S. Progress
U.S. comparable sales grew 3.2%, with franchisee confidence near all-time highs and consistent outperformance against the Burger QSR category.
Strong Financial Management
Generated $566 million in free cash flow and returned $282 million to shareholders through dividends. Reduced interest expenses from refinancing activities.