Restaurant Brands International(US:QSR) Invezz·2026-02-12 12:18Core Insights - Restaurant Brands International reported stronger-than-expected quarterly earnings and revenue, driven by the international growth of Burger King, which helped offset weaker performance in other brands [1] Financial Performance - Adjusted earnings per share for the quarter ended December 31 reached 96 cents, exceeding analyst expectations of 95 cents [1] - Revenue increased to $2.47 billion, surpassing forecasts of $2.41 billion [1] - Net income attributable to shareholders fell to $113 million, or 34 cents per share, down from $259 million, or 79 cents per share, in the same quarter last year [1] - Net sales rose by 7.4%, while organic revenue grew by 6.5% after excluding currency fluctuations and planned refranchising [1] - Same-store sales increased by 3.1%, with international markets showing the strongest gains [1] International Expansion - Burger King's international same-store sales growth was 5.8%, exceeding analyst expectations of 3.7% [1] - Restaurant Brands is accelerating international expansion through a joint venture in China, with CPE acquiring about 83% ownership of Burger King China [1] - The joint venture allows for shared operational responsibilities and investment costs, emphasizing the importance of China as a growth market [1] Brand Performance - Tim Hortons reported same-store sales growth of 2.9%, below analyst expectations of 3.8%, but remained the largest revenue contributor at 46% of total revenue [1] - Burger King's overall same-store sales increased by 2.7%, exceeding analyst estimates of 2.4% [1] - Popeyes faced the weakest performance with same-store sales declining by 4.8%, compared to expectations of a 2.4% drop [1] - Restaurant Brands is taking steps to address Popeyes' slowdown, including leadership changes [1]