Restaurant Brands Posts Strong Q1 Growth

Restaurant Brands International (TSE:QSR) has released an update.

Restaurant Brands International Inc. has reported a robust first quarter in 2024 with an 8.1% year-over-year increase in system-wide sales and a 4.6% rise in global comparable sales, led by strong performance at Tim Hortons Canada and Popeyes Louisiana Kitchen in the US. Notably, the company’s bottom line showed significant growth with a net income of $328 million up from $277 million the previous year, and an operational income increase to $544 million. The company is on track with a $300 million expansion and remodeling program aimed at modernizing Burger King US locations by 2028.

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