NYSE$QSR

Restaurant Brands International Inc. · Q1 2025 earnings

Q1 2025 earnings · · Before market open · Investor relations

Briefing

Restaurant Brands International reported Q1 2025 total revenues of C$2.1B with net income of C$221M and diluted EPS of C$0.49.

Total revenues increased to C$2.1B as Tim Hortons, Burger King, Popeyes, and Firehouse Subs system sales grew. Net income was C$221M, or C$0.49 per diluted share, versus C$0.72 a year ago on higher interest and tax items.

  • Q1 total revenues C$2.1B (+21% YoY reported).
  • Net income C$221M; diluted EPS C$0.49.
  • System-wide sales growth across major brands.
  • Franchise and advertising fund mix supports cash conversion.
  • FX and leverage affect year-over-year EPS comparability.

Headline financials

Total Revenue

$2.11B

Previous: $1.74B+21.3%
EPS (adj)

$0.49

Previous: $0.72-31.9%
Capital Expenditures

-$64M

Previous: -$26M-146.2%
Net Income

$221M

Previous: $328M-32.6%
Operating Income

$435M

Previous: $544M-20.0%

Revenue & EPS history

RBI · Revenue · Quarterly

$2.11B

Q1 2025+21.3%vs Q1 2024
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

RBI · $1.84B total across 4 segments · Q3 2023

  • Tim Hortons
    $1.06B+2.6%
  • Burger King
    $538M+9.6%
  • Popeyes
    $188M+14.6%
  • Firehouse Subs
    $51M+34.2%

Forward guidance

Restaurant, apparel, and consumer filers discuss traffic, promotions, and franchise system health rather than numeric EPS guidance in the 10-Q.

Tailwinds

  • System-wide sales and franchise royalties support cash flow.
  • Menu innovation and loyalty programs drive traffic.
  • Cost actions and supply chain initiatives support margins.

Headwinds

  • Consumer discretionary pressure and promotional intensity.
  • Input costs and wage inflation.
  • FX translation for international operators.

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 2025

Historical avgQ1 2025

-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

Earnings price reactions
QuarterReport dateReaction (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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