Restaurant Brands International Q2 system-wide sales rise, led by Burger King

Restaurant Brands International

06/08/2026 11:45

Overview
Quick service restaurant operator's Q2 system-wide sales grew 6.4% yr/yr, led by Burger King
Adjusted EPS for Q2 rose 12.9% yr/yr to $1.07
Company returned $435 mln to shareholders via dividends and share repurchases

Outlook
RBI maintains 2026 segment G&A (ex-RH) guidance of $600 mln to $620 mln
Company expects 2026 RH AOI of about $10 mln to $20 mln
RBI continues to target 8%+ organic AOI growth through 2028

Result Drivers
BURGER KING SALES - Higher comparable sales and increased franchise and property revenues at Burger King drove segment revenue and adjusted operating income growth
INTERNATIONAL ROYALTIES - Higher royalty revenues from Burger King and Popeyes restaurants, including resumption of BK China royalties, boosted international segment results
TIM HORTONS SUPPLY CHAIN - Increased supply chain sales, driven by higher commodity prices and CPG net sales, supported revenue growth at Tim Hortons, partially offset by higher supply chain costs

Company press release: ID:nPn89Jss4a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Adjusted EPS
 
$1.07
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 7 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the restaurants & bars peer group is "buy"
The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 19 three months ago

Reuters Recommended Reads
Aug 4 - McDonald's US sales growth slows as value push falters
Aug 5 - Dine Brands beats Q2 revenue estimates, maintains 2026 guidance
Aug 5 - Portillos Q2 revenue slightly misses expectations as same-restaurant sales fall

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)