Reports Q1 revenue $2.11B, consensus $2.15B. Reports Q1 comparable sales up 0.1%. Josh Kobza, CEO of RBI commented, “We are making solid progress executing the fundamentals of our business, despite a slower start to the year. We have clear growth plans across each of our brands and strong alignment with our franchisees. We’re seeing encouraging momentum in Q2 and combined with responsible cost management, are on track to deliver stronger results through the balance of the year and achieve at least 8 percent organic adjusted operating income growth in 2025.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on QSR:
- Restaurant Brands management to meet virtually with Loop Capital
- “Beyond Mere Exaggeration or Puffery”: Restaurant Brands International (NYSE:QSR) Faces Lawsuit Over Burger King Ads
- Is QSR a Buy, Before Earnings?
- Restaurant Brands price target lowered to $85 from $90 at UBS
- QSR, GOOS, CSU: Canada’s Economy Grew 1.5% In Q1, Outpacing the U.S.