Restaurant Brands International Reports Q2 Growth Driven by Tim Hortons and International Businesses

Restaurant Brands International (RBI) reported Q2 revenues of $2.4bn, up from $2.08bn in the prior year, driven by growth in the Tim Hortons brand and international businesses. The company's consolidated system-wide sales grew 5.3%, and Tim Hortons' total revenue reached $1.08bn, a slight increase from $1.03bn in 2024. RBI's overall comparable sales grew to 2.4%, with Tim Hortons' comparable sales growing to 3.4%.

Restaurant Brands International (RBI) has reported robust financial results for the second quarter of 2025, showcasing a 5.3% year-over-year increase in consolidated system-wide sales. The company's revenue reached $2.4 billion, up from $2.08 billion in the prior year, driven by strong performances in the Tim Hortons brand and its international businesses [1].

The company's overall comparable sales grew to 2.4%, with Tim Hortons' comparable sales increasing to 3.4%. Tim Hortons' total revenue reached $1.08 billion, a slight increase from $1.03 billion in 2024. The company's operational highlights include a 2.9% net restaurant growth, and a 1.3% increase in comparable sales for the International segment [1].

Josh Kobza, the Chief Executive Officer of RBI, commented on the company's progress, stating, "We made great progress in the second quarter advancing our strategic priorities, with improved sales trends and strong execution led by our two largest businesses, Tim Hortons and International. Across the system, we're seeing strong franchisee alignment, impactful marketing, and focused operational initiatives drive meaningful improvements in the guest experience. With positive momentum heading into the back half of the year, we remain confident in our ability to deliver 8%+ organic Adjusted Operating Income growth in 2025" [1].

The company's financial highlights for the second quarter include an Adjusted Operating Income (AOI) of $668 million, up from $632 million in the prior year, and an Adjusted EBITDA of $762 million, up from $721 million in the prior year. The company's Adjusted Diluted Earnings per Share (Adj. EPS) increased to $0.94, up from $0.86 in the prior year [1].

RBI's acquisition of Burger King China and the treatment of the acquired assets as held for sale are expected to have a minor impact on the company's financial results. The company plans to maintain the franchisor dynamics in its TH, BK, PLK, FHS, and INTL segments to report results consistent with how the business will be managed long-term [1].

The company's results indicate a strong performance in the second quarter, driven by growth in the Tim Hortons brand and international businesses. The company's Adjusted Operating Income and Adjusted EBITDA growth suggest a positive outlook for the remainder of the year.

References:
[1] Restaurant Brands International Inc. Reports Second Quarter 2025 Results. Retrieved from https://www.rbi.com/English/news/news-details/2025/Restaurant-Brands-International-Inc--Reports-Second-Quarter-2025-Results/default.aspx