Restaurant Brands International Q3 revenue rises, adjusted EPS up 6.9%

Overview

• Restaurant operator's Q3 revenue rose year-over-year

• Q3 adjusted EPS increased 6.9% year-over-year

• Company returned $1.3 bln to shareholders year-to-date via dividends and buybacks

Outlook

• Company remains on track for 8% organic Adjusted Operating Income growth in 2026

• Company expects 2026 Segment G&A (excluding RH) between $600 mln and $620 mln

• Company expects 2026 RH Adjusted Operating Income of about $10 mln to $20 mln

Result Drivers

• SUPPLY CHAIN SALES - Higher equipment sales to franchisees and increased commodity prices contributed to revenue growth

• BK COMPARABLE SALES – Higher comparable sales drove Burger King revenue; US comparable sales rose 8.4%

• RESTAURANT COUNT - Growth in the number of restaurants, particularly internationally and at Firehouse Subs, contributed to higher revenues and operating income

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 8 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the restaurants & bars peer group is "buy"

• The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 17 three months ago

Reuters Recommended Reads

• Oct 28 - Chipotle tops quarterly sales expectations as it continues to attract diners

• Oct 28 - Chipotle Q3 revenue slightly beats estimates on news restaurant openings

• Oct 28 - Chilis owner Brinker posts higher Q1 revenue on menu price hike; raises guidance

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)