RBI Q1 2020 Earnings Report
Key Takeaways
Restaurant Brands International reported Q1 2020 results with a total revenue of $1.225 billion and diluted earnings per share of $0.48. The company faced challenges due to the COVID-19 pandemic, which impacted the operations and sales performance of its brands, particularly Tim Hortons and Burger King. However, Popeyes delivered remarkable system-wide sales growth, driven by the popularity of its Chicken Sandwich.
RBI established support programs for restaurant owners and team members impacted by COVID-19.
The company rapidly advanced its digital platforms in response to the COVID-19 crisis.
Popeyes experienced a system-wide sales growth of 32%, driven by the Chicken Sandwich.
RBI enhanced its liquidity position by adding $500 million of 1st Lien Notes in April.
RBI
RBI
RBI Revenue by Segment
Forward Guidance
RBI anticipates a more significant impact from COVID-19 on its full quarter results in Q2 than it had on its Q1 results because of the global spread of COVID-19 in March impacted sales performance in the quarter.
Revenue & Expenses
Visualization of income flow from segment revenue to net income