Restaurant Brands International Inc. SEC 10-K Report
Restaurant Brands International Inc. (RBI) has released its 2025 10-K report, revealing total revenues of $9,434 million, but a decrease in net income to $1,075 million. The report details the company's financial performance across brands like Tim Hortons and Burger King, strategic efforts including the 'Reclaim the Flame' plan, and addresses challenges such as intense competition and economic conditions. RBI plans to accelerate restaurant growth, enhance digital engagement, and continue share repurchases and dividends.
Firehouse Subs Reignites Growth Plans in King of Prussia and Willow Grove
Firehouse Subs is planning a significant return to the Philadelphia area, specifically targeting King of Prussia and Willow Grove, with ambitions to open 50 to 80 new locations regionally over the next five to ten years. The sandwich chain, acquired by Restaurant Brands International in 2021, aims to launch the first ten of these new restaurants within three years, seeking franchise partners for various location types. This expansion follows their exit from the market in early 2023 for a systemwide transition, with the company now asserting strengthened support systems for growth.
Restaurant Brands International Inc. $QSR Shares Bought by Public Sector Pension Investment Board
Public Sector Pension Investment Board significantly increased its stake in Restaurant Brands International (QSR) during Q3, acquiring 79,581 shares valued at $5.11 million. Despite this institutional buying, several insiders, including CEO Joshua Kobza, sold shares totaling $7.19 million in the last 90 days. The company reported strong Q3 earnings, beating EPS and revenue estimates, and increased its quarterly dividend, though its payout ratio exceeds 100%.
Restaurant Brands China Venture Reshapes Growth Prospects And Profitability Outlook
Restaurant Brands International has formed a new joint venture with CPE Alder Investment Limited to significantly expand Burger King's presence in China, aiming to double its restaurant count by 2030. This strategic shift, which involves CPE taking majority ownership, is expected to inject capital for growth while addressing cost pressures and uneven consumer demand across RBI's brands. Despite higher sales in 2025, net income declined, highlighting margin challenges the company hopes to overcome with this new partnership and focus on franchise-led expansion.
Restaurant Brands's Q4 Earnings Call: Our Top 5 Analyst Questions
Restaurant Brands International (QSR) reported Q4 earnings with revenue and adjusted EPS surpassing expectations, though market reaction was negative due to margin compression. The company attributed performance to strong international results and steady same-store sales despite cost pressures. Key analyst questions focused on comparable sales momentum, international growth drivers, Burger King U.S. opportunities, Popeyes' underperformance, and Burger King profitability initiatives.
Whopper Feedback? Contact Burger King’s President
Burger King has launched a direct phone line and text service, allowing customers to contact Tom Curtis, President of US and Canada, with feedback. This initiative aims to elevate guest voices and build on years of customer-led changes. Curtis plans to personally review messages and make daily calls, integrating direct feedback into the company's strategic decisions.
Unhappy With The Food Quality? Call Burger King's President
Burger King is launching an initiative where customers can directly contact Tom Curtis, its President for US and Canada, via call or text to provide feedback on their restaurant experiences. This move is part of the company's strategy to amplify customer voices, building on its "guest-led change" approach, and comes as its parent company, Restaurant Brands International, reports strong global growth despite some domestic challenges. Curtis plans to personally engage with as many messages and calls as possible, using the feedback to help shape the brand's future.
Restaurant Brands International (TSE:QSR) Stock Passes Above Fifty Day Moving Average - Here's What Happened
Restaurant Brands International (TSE:QSR) saw its stock price move above its fifty-day moving average, trading at C$94.28 with a high of C$94.48. This comes after Argus upgraded the stock from "hold" to "strong-buy." Despite a strong technical move, the company faces fundamental challenges including a high debt-to-equity ratio and a dividend payout ratio exceeding 100%.
Burger King's president is giving customers his phone number
Burger King's U.S. and Canada president, Tom Curtis, is publicly sharing his work phone number to directly solicit customer feedback. He plans to dedicate several hours daily to take calls and texts, aiming to identify key areas for improvement in restaurants, technology, and marketing as part of Burger King's "elevation" strategy. This unconventional move is intended to gather a broad range of customer experiences and insights to further the brand's recent positive momentum.
Popeyes Is Losing the Chicken Sandwich Wars. Its Comeback Plan Starts With Low-Performing Locations
Popeyes, once a leader in the chicken sandwich market, is experiencing a decline in sales and losing ground to competitors like Raising Cane's, Dave's Hot Chicken, and Hangry Joe's Hot Chicken & Wings. Its parent company, Restaurant Brands International (RBI), reported nearly a 5% drop in U.S. sales for Popeyes, marking its fourth consecutive quarterly slide. To address this, RBI has brought in new leadership and plans to implement a multi-pronged strategy focusing on supporting franchisees and improving the performance of its lowest-performing locations.
Restaurant Brands China JV Adds New Angle To QSR Valuation Story
Restaurant Brands International (NYSE:QSR) has finalized a joint venture with CPE to expand its Burger King brand in China, granting exclusive development rights for 20 years. This partnership is viewed as a significant element in QSR's global growth strategy, particularly for expanding in large, complex markets. While the stock has seen long-term gains, recent performance shows a short-term decline, setting a dynamic backdrop as the China expansion begins.
Burger King doubles down on customer feedback with new initiative
Burger King President Tom Curtis is launching a new initiative to directly collect customer feedback by taking calls and texts for several hours a day. This builds on the success of their "Whopper by You" platform, aiming to gather unfiltered input on menu items, loyalty programs, and service quality. The feedback will be used to drive accountability and make tangible improvements, reflecting a continued commitment to being a consumer-driven brand.
Restaurant Brands International: A Shakier Bet As Rivals Pull Ahead (Rating Downgrade)
Restaurant Brands International (QSR) has been downgraded to neutral due to slowing domestic comparable sales and increasing price competition from rivals like McDonald's. While international growth remains strong, the decline in U.S. and Canadian sales raises concerns about market share. Despite improved operating income and margins, the company's high leverage ratio and net debt, coupled with a seemingly fair but not compelling valuation, suggest reducing exposure until market conditions improve.
Restaurant Brands International (QSR) Is Down 6.8% After Mixed Earnings And Higher Dividend Target - Has The Bull Case Changed?
Restaurant Brands International (QSR) recently reported mixed Q4 and full-year 2025 results, with higher revenue but lower net income, alongside an increased dividend target for 2026. The company is advancing its international expansion, particularly with Burger King in China, while dealing with uneven performance from other brands like Popeyes and slower U.S. Burger King remodels. Despite a 6.8% stock drop post-earnings, the article examines how the international growth and higher dividend impact QSR's investment outlook, maintaining that the core narrative of franchise-led expansion remains, but margin pressures and inconsistent brand performance persist as key risks.
Restaurant Brands International sales up 5.8% in Q4 2025
Restaurant Brands International (RBI) saw its consolidated system-wide sales increase by 5.8% to $12.13 billion in Q4 2025, with comparable sales rising 3.1%, primarily driven by its international segment. Despite this growth, net income from continuing operations decreased. RBI also announced a joint venture for Burger King China and declared a quarterly dividend of $0.65 per share for Q1 2026.
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Assessing Restaurant Brands International (NYSE:QSR) Valuation After Recent Share Price Pullback
Restaurant Brands International (QSR) has seen a recent share price pullback, making investors question its valuation. Despite the short-term decline, the company reported annual revenues of US$9.4 billion and net income of US$902 million. Analysts suggest QSR might be undervalued with a fair value estimate of $78.31, driven by international expansion and digital investments, but risks like commodity costs and international setbacks should be considered.
Restaurant Brands International (NYSE:QSR) Price Target Lowered to $80.00 at Royal Bank Of Canada
Royal Bank Of Canada lowered its price target for Restaurant Brands International (NYSE:QSR) from $82.00 to $80.00, while maintaining an "outperform" rating, suggesting a 21.95% upside. This adjustment follows RBI's Q4 earnings beat with EPS of $0.96 and revenue of $2.47 billion, though the company warned of margin pressure. Insider selling and mixed analyst sentiment contribute to a consensus "Hold" rating with an average target of $76.62.
Prospecting: Restaurant Brands Tops Estimates Despite Popeyes U.S. Slump.
Restaurant Brands International exceeded Wall Street's expectations for earnings and revenue, driven by strong international performance, despite a continued decline in Popeyes' U.S. same-store sales. McDonald's also surpassed analyst estimates, while the broader U.S. restaurant and foodservice industry is projected to reach $1.55 trillion in sales in 2026, though operators anticipate ongoing traffic challenges due to cautious consumer spending. The article also highlights seasonal menu item trends and increasing competition in the quick-service restaurant chicken wrap segment.
Restaurant Brands International Inc. (NYSE:QSR) Q4 2025 Earnings Call Transcript
Restaurant Brands International Inc. (NYSE:QSR) reported its Q4 2025 earnings, missing EPS expectations at $0.60 against an anticipated $0.93. Despite this, the company achieved solid full-year results with comparable sales growth of 2.4%, net restaurant growth of 2.9%, and system-wide sales growth of 5.3%, translating into 8.3% organic adjusted operating income growth. Key highlights included continued strong performance from Tim Hortons, significant international expansion, and progress in Burger King's Reclaim the Flame initiative despite challenges with Popeyes' performance and increased beef costs impacting franchisee profitability.
Popeyes sales took a hit last quarter
Popeyes' domestic same-store sales declined by 4.9% last quarter, marking its fourth consecutive quarterly decrease and fifth in the past six periods. In contrast, its sister chain Burger King saw a 2.6% increase in U.S. same-store sales, largely due to a successful December promotion. Restaurant Brands International (RBI) reported a 7.4% rise in overall revenues to $2.5 billion, despite a 24% decline in net income, and stated that international business performance continued to be strong.
Restaurant Brands Earnings: International Strength Persists
Restaurant Brands International (QSR) delivered 3.1% comparable sales and 2.9% unit growth, with its international segment leading the performance. Despite strong international results and Tim Hortons' continued comparable sales growth, the article notes that Popeyes US struggled, leading to a mid-single-digit decline in share price. Morningstar views RBI shares as undervalued and maintains its fair value estimate, citing the company's international prowess as a key driver for future growth.
Restaurant Brands International Inc. Reports Fourth Quarter and Full Year 2025 Results
Restaurant Brands International Inc. (RBI) has reported its financial results for the fourth quarter and full year ended December 31, 2025. The company achieved consolidated system-wide sales growth of 5.8% in Q4 and 5.3% for the full year, meeting its 2025 targets for organic Adjusted Operating Income growth and net leverage. RBI returned approximately $1.1 billion to shareholders in 2025 while investing for future growth, and declared a first-quarter 2026 dividend of $0.65 per common share.
Restaurant Brands shares fall despite earnings beat, strong international growth
Restaurant Brands International (QSR) reported Q4 2025 earnings and revenue that exceeded Wall Street expectations, largely driven by strong international growth. However, the company's shares fell due to news that Burger King's U.S. remodeling efforts have slowed, and Popeyes continued to be a laggard with declining same-store sales. Despite these challenges, the company plans further international expansion and is implementing strategies to revive Popeyes' performance.
Restaurant Brands Slows Burger King Remodeling Program as Costs Stay Elevated
Restaurant Brands International reported a decline in profit for the fourth quarter despite increased sales across its main brands. The company is now slowing its Burger King remodeling program due to elevated construction and materials costs, pushing back its target of modernizing 85% of its restaurants by 2028.
Restaurant Brands's (NYSE:QSR) Q4 CY2025: Beats On Revenue
Restaurant Brands (NYSE:QSR) reported Q4 CY2025 revenue of $2.47 billion, exceeding analyst estimates by 2.1%, with a 7.4% year-on-year increase. The company also beat adjusted EPS estimates and showed strong growth in new locations and same-store sales. Despite positive results, the stock traded down immediately after the report, suggesting the market anticipated even stronger performance.
Restaurant Brands International Inc. Reports Fourth Quarter and Full Year 2025 Results
Restaurant Brands International Inc. (RBI) announced its financial results for the fourth quarter and full year ended December 31, 2025, showing consolidated system-wide sales growth of 5.8% in Q4 and 5.3% for the full year, along with comparable sales up 3.1% in Q4. The company met its 2025 targets for organic Adjusted Operating Income growth and net leverage, while returning approximately $1.1 billion to shareholders. RBI provided a 2026 financial outlook and reaffirmed its long-term growth algorithm for 2024-2028.
Restaurant Brands tops sales estimates on international demand, value push
Restaurant Brands International surpassed fourth-quarter sales estimates due to strong performance in its international Burger King outlets and a focus on value menus. Despite facing high commodity costs and stiff competition in the U.S., particularly with rising beef prices affecting Burger King U.S., the company's global comparable sales grew. Tim Hortons also reported a rise in same-store sales but missed analyst estimates.
Burger King-parent beats sales estimates on international demand, value push
Restaurant Brands International (RBI), parent company of Burger King, surpassed fourth-quarter sales estimates due to strong international performance, particularly in Europe and Asia. However, the company's shares fell nearly 6% as high costs and subdued consumer spending in the U.S. impacted results, with Burger King U.S. and Tim Hortons missing same-store sales estimates. RBI executives anticipate a similar challenging consumer environment in 2026, while analysts question their ability to maintain traffic without excessive discounting amidst increasing value competition.
Cibc World Market Inc. Raises Position in Restaurant Brands International Inc. $QSR
Cibc World Market Inc. increased its stake in Restaurant Brands International Inc. (QSR) by 3.6% in the third quarter, acquiring an additional 98,088 shares. This brings their total holding to 2,806,242 shares, valued at approximately $179.99 million. Other institutional investors like Norges Bank, State Street Corp, Geode Capital Management LLC, Vanguard Group Inc., and Canada Pension Plan Investment Board also significantly modified their positions, with institutional investors owning 82.29% of the company's stock.
7-Eleven Answers Chicken Cravings With New $5 Deal
7-Eleven is introducing new $5 chicken offers across its Raise the Roost®, Speedy Café®, and Laredo Taco Company® restaurant concepts to cater to customers' chicken cravings with affordable, bold flavors. William Armstrong, Senior Vice President of Restaurant Operations at 7-Eleven, Inc., emphasized the company's commitment to delivering quality and delicious flavors. The new deals aim to provide multiple ways for customers to enjoy diverse chicken options at a value price point.
HTeaO appoints Darden vet as CFO
HTeaO, a Texas-based drive-thru tea chain, has appointed Chris Phillips as its new CFO. Phillips brings over 20 years of finance and strategy experience, including 14 years at Darden and a tenure at Popeyes, where he was involved in its sale to Restaurant Brands International. In his new role, Phillips will oversee finance, accounting, strategic planning, and IT, focusing on strengthening the chain's financial and technological infrastructure to support its rapid national expansion.
2 Jacksonville Popeyes locations abruptly close with bankruptcy filing
Two Popeyes Louisiana Kitchen locations in Jacksonville have abruptly closed as their franchisor, Sailormen, Inc., filed for Chapter 11 bankruptcy protection. Sailormen, Inc., which operates at least 130 Popeyes restaurants, closed 17 "underperforming" locations across Florida and Georgia as part of its restructuring plan. The company expects these closures to reduce annual expenses by over $1 million.
Restaurant Brands International Limited Partnership's (TSE:QSP.UN) five-year earnings growth trails the 9.0% YoY shareholder returns
Restaurant Brands International Limited Partnership (TSE:QSP.UN) has experienced a 29% share price increase over five years, falling short of the broader market return. While earnings per share (EPS) grew at 11% annually, the share price only gained 5% yearly over the same period, indicating increased market caution. However, the total shareholder return (TSR), which includes reinvested dividends, was a more favorable 54% over five years, surpassing both the direct share price return and the average market return.
Restaurant Brands International (QSR) Expected to Announce Quarterly Earnings on Thursday
Restaurant Brands International (QSR) is scheduled to announce its Q4 2025 earnings on Thursday, February 12th, with analysts projecting an EPS of $0.94 and revenue of $2.4096 billion. Recent insider selling by the CEO and Chairman has been noted, while institutional investors have significantly increased their stakes. The company currently holds an average "Hold" rating from analysts with an average price target of $76.95.
Restaurant Brands (QSR) Earnings Expected to Grow: Should You Buy?
Restaurant Brands International (QSR) is expected to report a year-over-year increase in earnings and higher revenues for the quarter ending December 2025. While analysts have raised their EPS estimates slightly, the company's Zacks Earnings ESP of -0.87% combined with a Zacks Rank of #3 makes it difficult to definitively predict an earnings beat. Investors are advised to consider other factors beyond just earnings predictions before making investment decisions.
Machina Capital S.A.S. Purchases Shares of 18,931 Restaurant Brands International Inc. $QSR
Machina Capital S.A.S. recently acquired a new position in Restaurant Brands International (NYSE:QSR), purchasing 18,931 shares valued at approximately $1.214 million, bringing institutional ownership to about 82.29%. Despite this, insiders have been net sellers, with CEO Joshua Kobza and other insiders selling over 145,000 shares in the past 90 days. Analysts currently maintain a "Hold" rating for QSR, with an average price target of $76.95 against its current trading price near $69.
Analysts Offer Insights on Consumer Cyclical Companies: Restaurant Brands International (QSR) and Amazon (AMZN)
Two analysts have issued bullish ratings for companies in the Consumer Cyclical sector. Dennis Geiger from UBS maintained a Buy rating on Restaurant Brands International (QSR) with an $85.00 price target, seeing a 17.3% upside. Brian Pitz from BMO Capital maintained a Buy rating on Amazon (AMZN) with a $304.00 price target, suggesting a 24.7% upside.
Federated Hermes Inc. Buys Shares of 58,972 Restaurant Brands International Inc. $QSR
Federated Hermes Inc. recently acquired 58,972 shares of Restaurant Brands International (QSR) for approximately $3.78 million, establishing a new position in the company. Institutional investors hold a significant 82.29% of QSR stock, while insiders have been net sellers in the past 90 days. Analysts currently have a consensus "Hold" rating on QSR, with an average price target of $76.95.
Burger King China growth set as RBI, CPE JV closes
Restaurant Brands International (RBI) and CPE have finalized a joint venture to operate Burger King in China. CPE contributed $350 million and now holds approximately 83% of the JV, with RBI retaining 17%. The partnership aims to expand Burger King's presence from 1,250 locations to over 4,000 by 2035 through a 20-year master development agreement.
Citigroup Lowers Restaurant Brands International (NYSE:QSR) Price Target to $72.00
Citigroup has reduced its price target for Restaurant Brands International (NYSE:QSR) to $72.00 from $74.00, maintaining a "neutral" rating despite other analysts having higher price targets. The company's stock is currently trading at $67.30, with a consensus average price target of $76.95 among analysts. Insider selling has been noted, with the CFO and another insider selling a significant number of shares recently.
Citigroup Lowers Price Target for QSR, Rating Maintained at Neut
Citigroup has lowered its price target for Restaurant Brands International (QSR) from $74.00 to $72.00, while maintaining a Neutral rating. The average target price from 17 analysts is $78.87, implying a 16.81% upside, and the consensus brokerage recommendation is "Outperform." Restaurant Brands International operates prominent brands like Burger King, Tim Hortons, Popeyes, and Firehouse Subs globally.
Burger King completes the sale of a majority stake in its China business
Restaurant Brands International (RBI), parent company of Burger King, has sold an 83% stake in Burger King China to Asian asset manager CPE for $350 million. This deal more than doubles the $158 million RBI paid for the business just last year, highlighting a recent turnaround. The joint venture aims to significantly expand Burger King's presence in China, growing from 1,250 restaurants to over 4,000 by 2035, in an effort to better compete with market leaders like McDonald's and KFC.
New York State Common Retirement Fund Acquires 66,600 Shares of Restaurant Brands International Inc. $QSR
The New York State Common Retirement Fund significantly increased its stake in Restaurant Brands International (NYSE:QSR) by acquiring an additional 66,600 shares, bringing its total to 196,100 shares valued at $12.58 million. This acquisition, representing a 51.4% increase, makes the fund a 0.06% owner of the company. Despite this institutional accumulation, recent insider selling by the CEO and Chairman has been noted, while analysts maintain a "Hold" rating with an average price target of $77.05.
RBI and CPE finalise Burger King China JV
Restaurant Brands International (RBI) and Chinese investment company CPE have finalized their joint venture, which aims to significantly expand Burger King's presence in China. CPE has invested $350m, taking an 83% equity stake while RBI holds 17%. The partnership targets growing Burger King's Chinese network from 1,250 to over 4,000 restaurants by 2035.
RBI and CPE Complete Previously Announced Joint Venture to Reignite Growth at Burger King® in China
Restaurant Brands International (RBI) and CPE have finalized a joint venture aimed at significantly expanding Burger King's presence in China. CPE has invested $350 million to grow the network from approximately 1,250 to over 4,000 restaurants by 2035, acquiring an 83% stake in Burger King China while RBI retains a 17% minority interest. This partnership leverages Burger King's global brand with CPE's local market expertise to accelerate growth and enhance the customer experience.
Restaurant Brands China JV With CPE Highlights Growth And Valuation Opportunity
Restaurant Brands International (NYSE:QSR) has finalized a joint venture with CPE to expand Burger King in China, with CPE providing capital and holding a majority interest. This partnership aims to accelerate store growth by combining Restaurant Brands' brand expertise with CPE's local operational knowledge. While the stock trades below analyst targets and estimated fair value, a key consideration for investors is the risk associated with debt not being well covered by operating cash flow, especially as the company relies on partners for scaling.
Burger King targets over 4,000 restaurants in China by 2035
Burger King aims to expand its presence in China to over 4,000 restaurants by 2035, significantly increasing from its current 1,250 locations. This ambitious growth is supported by a joint venture between its parent company, Restaurant Brands International (RBI), and investment firm CPE, which includes a $350 million investment from CPE. The partnership is expected to leverage CPE's local expertise to accelerate development and aligns with RBI's strategy for increased restaurant growth and a highly franchised business model globally.
Burger King China to triple store count by 2035
Restaurant Brands International (RBI) has partnered with Asia-based asset manager CPE to significantly expand Burger King's presence in China. CPE has invested $350 million into the joint venture, now owning 83% of Burger King China, with RBI holding a 17% minority interest. The goal is to grow the restaurant network from 1,250 to over 4,000 locations by 2035, leveraging Burger King's brand and CPE's local market expertise.
RBI and CPE Complete Previously Announced Joint Venture to Reignite Growth at Burger King® in China
Restaurant Brands International (RBI) and CPE have finalized a joint venture to accelerate the growth of Burger King in China. CPE has invested $350 million to expand the restaurant network from 1,250 to over 4,000 by 2035, while RBI will retain a 17% stake. This partnership aims to combine Burger King's global brand with CPE's local market expertise to enhance the guest experience and achieve sustainable growth.
