Restaurant Brands reported second quarter results with revenue of $2.52 billion, adjusted EPS of $1.07, and same-store sales growth of 3.8% year over year. CEO Josh Kobza highlighted Burger King's outperformance and strength in international markets such as Germany, Spain, and China, while Tim Hortons saw soft early-quarter sales offset by late-quarter menu innovation. Analysts on the earnings call focused on Burger King's growth drivers, Tim Hortons' improvement trajectory, Popeyes' turnaround pace, refranchising momentum, and menu pricing discipline. CFO Sami Siddiqui noted strong buyer interest in Burger King refranchising and expects acceleration in the second half, with remodel rates likely picking up as beef cost pressures ease. The company ended the quarter with 33,156 locations, up from 32,229 a year earlier.
Restaurant Brands International IncQ2 results beat expectations with revenue of $2.52B, adjusted EPS of $1.07, and same-store sales growth of 3.8%.
TH International Limited