Loading...
•
Mar 31, 2022
RBI Q1 2022 Earnings Report
RBI reported a strong resurgence in comparable sales and record first quarter new restaurant openings. Digital engagement reached its highest level, and over $400 million was returned to shareholders.
Key Takeaways
Restaurant Brands International (RBI) reported a 14% increase in system-wide sales, driven by double-digit comparable sales growth at Tim Hortons Canada and Burger King International. The company opened a record number of restaurants and returned over $400 million to shareholders through dividends and share repurchases.
System-wide sales grew by 14%, representing an increase of nearly $1 billion year-over-year.
Global comparable sales increased by 8%, with Tim Hortons Canada exceeding 10% and Burger King International exceeding 20%.
Digital sales in home markets reached their highest levels as a percentage of system-wide sales.
The company experienced a record number of restaurant openings in the first quarter, driven by multi-brand international growth and Popeyes in the US.
Revenue by Segment
Forward Guidance
The company expects to continue its momentum from the first quarter, with experienced leaders guiding the brands and collaborating with franchisee networks to grow all four brands over the long-term.
Positive Outlook
- Strong resurgence in comparable sales.
- Record first quarter new restaurant openings.
- Highest level of digital engagement from guests across home markets.
- Double digit comparable sales growth at Tim Hortons Canada and Burger King International.
- Progress in ramping global development capabilities at Tim Hortons and Popeyes.
Challenges Ahead
- Continued impact of the COVID-19 pandemic on global restaurant operations.
- Labor challenges in some regions resulting in reduced operating hours and service modes.
- Supply chain pressures.
- Burger King U.S. continues to lay the foundation to return to long term, sustainable growth.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...