Restaurant Brands International (RBI) reported higher revenue for the fourth quarter and full year, supported by stronger royalty income from Burger King and Popeyes, while quarterly profit declined amid rising expenses. Total revenue for the three months to 31 December 2025 was $2.46bn, a 7.4% increase from $2.29bn in the same period of 2024. For the full year, revenue was $9.43bn in 2025, compared with $8.40bn in 2024. Net income from continuing operations for Q4 2025 fell to $274m from $361m a year ...

Core Insights - The company achieved an 8.3% organic adjusted operating income growth, marking the third consecutive year of approximately 8% growth despite a challenging consumer environment [1] Company Performance - Tim Hortons Canada outperformed the broader industry by nearly two percentage points, driven by a record cold beverage mix and improved speed of service across all dayparts [1] - The international segment experienced double-digit system-wide sales growth, supported by the transition of Burger King China to a new local partner and scaling Popeyes into a $2,000,000,000 run-rate business [1] - Burger King US outperformed the burger QSR industry in nine of the last twelve quarters, attributed to the 'Reclaim the Flame' initiative and successful family-oriented marketing campaigns like the SpongeBob activation [1] - Management acknowledged a performance gap at Popeyes US, indicating a need to return to operational basics and refocus on core products such as bone-in chicken and tenders [1] Strategic Initiatives - The strategic simplification of the portfolio continued with the acquisition of Burger King China equity and the acceleration of Burger King US refranchising efforts ahead of the original schedule [1]