Restaurant Brands International reported first quarter revenue of $2.26 billion and adjusted EPS of $0.86, exceeding analyst expectations. The results were driven by strong performance in the Burger King US and International segments, which offset continued weakness at Popeyes.
Key Highlights
- Burger King US comparable sales showed significant acceleration, growing 5.8% as the "Reclaim the Flame" initiative continues to gain traction.
- Consolidated comparable sales grew 3.2%, led by a 5.7% increase in the International segment and outperforming the prior year's 0.1% growth.
- The Popeyes segment remained a weak spot, with comparable sales in the US declining by 6.5% year-over-year.