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Investing.com -- Restaurant Brands International Inc (NYSE:QSR) reported stronger-than-expected third quarter results Thursday, with shares rising 2.01% as international sales growth and momentum at Tim Hortons drove performance that exceeded analyst expectations.
The parent company of Burger King, Tim Hortons, Popeyes and Firehouse Subs posted adjusted earnings of $1.03 per share, beating the analyst consensus of $1.00. Revenue climbed to $2.45 billion, surpassing estimates of $2.39 billion, as consolidated system-wide sales grew 6.9% YoY.
International operations emerged as a key growth driver, with system-wide sales surging 12.1% internationally. Comparable sales across the company accelerated to 4.0%, with Burger King International leading at 6.4%, followed by Tim Hortons Canada at 4.2% and Burger King US at 3.2%.
"Our teams delivered a strong quarter, driven by momentum from Tim Hortons and our International business, which together generate roughly 70% of our earnings," said CEO Josh Kobza. "Burger King also had a great quarter, outperforming most of the industry through consistent and disciplined execution of our plan."
The company’s Tim Hortons segment saw revenues increase 7.8% to $1.13 billion, while Burger King’s revenues rose 7.0% to $387 million. Adjusted operating income grew 8.8% on an organic basis to $702 million.
Restaurant Brands reaffirmed it remains on track to deliver at least 8% organic adjusted operating income growth for the full year 2025, maintaining its long-term growth targets.
The company declared a quarterly dividend of $0.62 per share, payable on January 6, 2026, to shareholders of record as of December 23, 2025.