NYSE$QSR
Restaurant Brands International Inc. · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
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.
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.
Headline financials
Revenue & EPS history
RBI · Revenue · Quarterly
$1.5B
Revenue by segment
RBI · $1.5B total across 3 segments · Q3 2021
- Tim Hortons$885M+16.1%59.2%
- Burger King$467M+7.9%31.2%
- Popeyes$143M+0.7%9.6%
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.
Headwinds
- 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.
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 Q3 2021
-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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