Restaurant Brands shares fall as Q1 results miss estimates

Sam Boughedda

Thu, May 8, 2025, 4:10 AM 1 min read

Investing.com -- Restaurant Brands International Inc. reported first-quarter results that fell abbreviated of expert expectations, sending shares down 2% successful aboriginal trading connected Wednesday.

The genitor institution of Burger King, Tim Hortons, and Popeyes posted adjusted net per stock of $0.75, missing the statement estimation of $0.78. Revenue came successful astatine $2.11 billion, beneath expert projections of $2.15 billion.

Consolidated system-wide income grew 2.8% YoY to $10.5 billion, driven by 8.6% maturation successful planetary markets. However, planetary comparable income accrued conscionable 0.1%, oregon implicit 1% erstwhile adjusting for the other time successful 2024 owed to leap year.

"We are making coagulated advancement executing the fundamentals of our business, contempt a slower commencement to the year," said CEO Josh Kobza. "We person wide maturation plans crossed each of our brands and beardown alignment with our franchisees."

The company’s Tim Hortons conception saw level system-wide income maturation and a 0.1% diminution successful comparable sales. Burger King’s system-wide income fell 1.7%, with comparable income down 1.3%.

Despite the anemic Q1 results, Kobza expressed optimism astir the remainder of 2025, stating: "We’re seeing encouraging momentum successful Q2 and combined with liable outgo management, are connected way to present stronger results done the equilibrium of the twelvemonth and execute astatine slightest 8% integrated adjusted operating income maturation successful 2025."

Restaurant Brands (NYSE:QSR) maintained its semipermanent outlook of 3%+ comparable income maturation and 8%+ integrated adjusted operating income maturation connected mean from 2024 to 2028. The institution present expects to scope 5%+ nett edifice maturation towards the extremity of that period.

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