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Sep 30, 2021
RBI Q3 2021 Earnings Report
RBI reported Q3 2021 results, demonstrating growth in global system-wide sales and progress towards pre-pandemic unit growth levels. The company returned capital to shareholders and committed to reducing greenhouse gas emissions.
Key Takeaways
Restaurant Brands International Inc. reported strong Q3 2021 results, with global system-wide sales growing by 11% year-over-year. The company is on track to return to pre-pandemic unit growth levels in 2021 and accelerate in 2022. RBI returned over $425 million of capital to shareholders through dividends and share buybacks and announced a commitment to reduce greenhouse gas emissions.
Global system-wide sales grew 11% year-over-year and accelerated sequentially to +5% compared to 2019.
Burger King international system-wide sales grew 25% year-over-year and +10% compared to 2019.
Year-to-date unit growth and pipeline keep RBI on track to return to pre-pandemic levels in 2021 and accelerate in 2022.
Returned over $425 million of capital to shareholders through dividends and share buybacks.
Revenue by Segment
Forward Guidance
RBI expects local conditions to continue to dictate limitations on restaurant operations, capacity, and hours of operation. The company expects to see a continued impact from COVID-19 on its results in 2021.
Challenges Ahead
- COVID-19 contributed to labor challenges, which in some regions resulted in reduced operating hours and service modes at select restaurants as well as supply chain pressures.
- We expect local conditions to continue to dictate limitations on restaurant operations, capacity, and hours of operation.
- We expect to see a continued impact from COVID-19 on our results in 2021.
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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