NYSE$QSR
Restaurant Brands International Inc. · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
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.
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.
Headline financials
Revenue & EPS history
RBI · Revenue · Quarterly
$1.45B
Revenue by segment
RBI · $1.45B total across 4 segments · Q1 2022
- Tim Hortons$829M+16.8%57.1%
- Burger King$443M+8.8%30.5%
- Popeyes$148M+3.5%10.2%
- Firehouse Subs$31M—2.1%
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.
Tailwinds
- 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.
Headwinds
- 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.
- Negative impact from the war in Ukraine
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2022
-0.5%
Avg return
Earnings day
-0.5%
Avg return
5 days after
+0.5%
Avg return
30 days after
36%
19 / 53 earnings
Positive
+8.3%
Q2 2022
Best reaction
-7.0%
Q3 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.5% | -4.2% | -11.1% | |
| Q4 2025 | -6.2% | -3.6% | +2.8% | |
| Q3 2025 | -2.0% | +0.0% | +8.0% | |
| Q1 2025 | -0.5% | -0.1% | +5.0% | |
| Q4 2024 | -1.6% | -3.5% | -1.2% | |
| Q3 2024 | -2.5% | -2.9% | -0.4% | |
| Q2 2024 | -0.0% | +0.2% | -4.1% | |
| Q1 2024 | -0.8% | +2.7% | -9.6% | |
| Q4 2023 | -2.2% | -1.4% | +4.2% | |
| Q3 2023 | -3.0% | -1.3% | +5.1% | |
| Q2 2023 | -1.7% | -2.1% | -9.6% | |
| Q1 2023 | +1.7% | +1.4% | +6.7% | |
| Q4 2022 | -3.5% | -1.4% | -9.6% | |
| Q3 2022 | +4.5% | +4.8% | +14.3% | |
| Q2 2022 | +8.3% | +7.7% | +7.7% | |
| Q1 2022 | -4.7% | -7.8% | -7.2% | |
| Q4 2021 | +2.5% | -0.2% | +1.3% | |
| Q3 2021 | -7.0% | -8.6% | -5.2% | |
| Q2 2021 | +3.1% | +0.6% | -0.4% | |
| Q1 2021 | +3.9% | +1.8% | +2.9% | |
| Q4 2020 | -1.7% | -1.3% | +5.7% | |
| Q3 2020 | -4.9% | -6.2% | +7.0% | |
| Q2 2020 | -6.9% | -3.9% | -2.9% | |
| Q1 2020 | -0.6% | -0.8% | +10.7% | |
| Q4 2019 | +4.0% | +5.3% | -25.1% | |
| Q3 2019 | -5.2% | -4.7% | -3.2% | |
| Q2 2019 | +4.7% | +7.2% | +7.8% | |
| Q1 2019 | -1.8% | +0.5% | -0.8% | |
| Q4 2018 | +2.5% | +3.2% | +0.5% | |
| Q3 2018 | -0.8% | -6.2% | -2.6% | |
| Q2 2018 | +0.8% | -0.2% | -9.1% | |
| Q1 2018 | +2.6% | +1.3% | +8.3% | |
| Q4 2017 | +2.2% | +4.4% | +2.8% | |
| Q3 2017 | -3.3% | -4.2% | -2.0% | |
| Q2 2017 | +2.4% | +4.9% | +3.4% | |
| Q1 2017 | -2.9% | -4.0% | +5.0% | |
| Q4 2016 | +6.0% | +4.8% | +6.7% | |
| Q3 2016 | -5.3% | -7.3% | +1.6% | |
| Q2 2016 | +4.2% | +6.1% | +7.7% | |
| Q1 2016 | +2.0% | — | — | |
| Q4 2015 | +7.8% | — | — | |
| Q3 2014 | -4.6% | — | — | |
| Q3 2015 | -4.6% | — | — | |
| Q2 2015 | +0.4% | — | — | |
| Q1 2014 | -3.4% | — | — | |
| Q1 2015 | -1.9% | — | — | |
| Q2 2013 | -1.4% | — | — | |
| Q4 2014 | -1.4% | — | — | |
| Q2 2014 | -1.4% | — | — | |
| Q1 2013 | -1.4% | — | — | |
| Q4 2013 | -1.4% | — | — | |
| Q4 2012 | -1.4% | — | — | |
| Q3 2013 | -1.4% | — | — |
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