NYSE$QSR
Restaurant Brands International Inc. · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
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.
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.
Headline financials
Revenue & EPS history
RBI · Revenue · Quarterly
$1.05B
Revenue by segment
RBI · $1.05B total across 3 segments · Q2 2020
- Tim Hortons$567M—54.1%
- Burger King$347M—33.1%
- Popeyes$134M—12.8%
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.
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 Q2 2020
-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% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro