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Restaurant Brands International Adjusted Net Income Increases
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Restaurant Brands International Adjusted Net Income Increases
Aug 8, 2024 4:47 AM

07:17 AM EDT, 08/08/2024 (MT Newswires) -- Restaurant Brands International (QSR.TO) on Thursday reported a higher adjusted net income as revenues increased.

Second-quarter adjusted net income rose to US$392 million, or US$0.86 per share, from US$387 million, or US$0.85 per share.

Total revenues also increased to US$2.08 billion from US$1.78 billion. Adjusted EBITDA rose to US$721 million from US$665 million.

System-wide sales came in at US$1.94 billion, up from US$1.87 billion. System-wide sales grew 5%, the company said.

Restaurant Brands maintained its 2024-2028 guidance of 5% net restaurant growth, 8% system-wide sales growth and adjusted operating income growth at least as fast as system-wide sales growth.

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