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Investing.com -- Restaurant Brands International (NYSE:QSR) reported mixed second-quarter results, with a slight miss against earnings estimates while revenue came ahead of expectations.
The owner of Burger King and Tim Hortons posted earnings per share (EPS) of $0.94, just below the $0.97 that analysts expected. Revenue for the period climbed 15% to $2.41 billion, ahead of the $2.34 billion consensus.
System-wide sales rose 5.3% year-over-year, with international markets contributing strongly, up 9.8%.
Comparable sales grew 2.4% overall, led by 4.1% growth at Burger King International and a 3.6% increase at Tim Hortons Canada.
"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," said Josh Kobza, CEO of RBI.
For full-year 2025, the company maintained its outlook. Segment general and administrative expenses, excluding the Restaurant Hub (RH (NYSE:RH)) segment, are expected to be between $600 million and $620 million.
RH-related G&A is projected at around $100 million. Consolidated capital expenditures and cash inducements, including RH, are estimated in the range of $400 million to $450 million.
RBI also updated its forecast for 2025 adjusted net interest expense to approximately $520 million.
The company reiterated its long-term financial targets through 2028, including average comparable sales growth of more than 3%, organic adjusted operating income growth above 8%, and a path toward 5% or more net restaurant growth by the end of the period.