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Jun 30, 2020
RBI Q2 2020 Earnings Report
Restaurant Brands International reported second quarter 2020 results, which were significantly impacted by the COVID-19 global pandemic, but saw a substantial improvement in business performance over the course of the quarter.
Key Takeaways
Restaurant Brands International Inc. reported a significant recovery in performance since March, driven by a proactive and coordinated response to the COVID-19 pandemic. By the end of the quarter, the company was back to 90% of prior year system-wide sales with 93% of restaurants open worldwide. Digital sales across brands grew over 120% year-over-year and more than 30% quarter-over-quarter.
Drive thru and digital channels drove a 30-point recovery in comparable sales across brands from the end of March to June.
Reopened over 4,500 restaurants in the quarter, with 93% now open globally.
Maintained a strong and flexible financial position with $2.5 billion of available liquidity at quarter end.
Focused on building a pipeline for a return to strong net restaurant growth in 2021.
Revenue by Segment
Forward Guidance
While we do not know the future impact COVID-19 will have on our business, or when our business will return to normal operations, we expect to see a continued impact from COVID-19 on our full quarter results in the third quarter.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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