Hangzhou, China – November 11, 2025: A delivery worker picks up an order at a Burger King store in Hangzhou, eastern China’s Zhejiang province, on Tuesday, November 11, 2025.
Long Wei | Featured China | Future Publishing | Getty Images
restaurant brand international Quarterly profits and sales announced Thursday beat expectations, supported by strong international growth.
Here’s how the company reported for the year ended Dec. 31 compared to Wall Street expectations, based on a survey of analysts by LSEG.
Earnings per share: 96 cents adjusted, 95 cents expected; Revenue: $2.47 billion, $2.41 billion expected.
Restaurant Brands reported fourth-quarter net income attributable to stockholders of $113 million, or 34 cents per share, down from $259 million, or 79 cents per share, in the year-ago period.
The company reported adjusted earnings of 96 cents per share, excluding transaction costs, restructuring charges and other items.
Net sales increased 7.4% to $2.47 billion. Excluding currency fluctuations and sales of restaurants scheduled to be refranchised, Restaurant Brands’ organic revenue increased 6.5%.
The company’s same-store sales increased 3.1%, driven by strong international growth.
Excluding the U.S. and Canada, same-store sales for restaurant brands increased 6.1%. International Burger King restaurants, which make up the majority of the segment, saw same-store sales increase 5.8%.
Analysts had predicted international same-store sales growth of just 3.7%, based on Street Account estimates.
And the restaurant brand plans to continue growing its business overseas. In November, the company announced plans to form a joint venture with Burger King China to accelerate expansion. Under the terms of the deal signed in late January, Chinese alternative asset manager CPE owns about 83% of Burger King China’s shares. Restaurant Brands holds a minority stake of approximately 17%, along with a seat on the board of directors.
Canadian coffee chain Tim Hortons reported a 2.9% increase in same-store sales, according to Street accounts, while Wall Street was expecting a 3.8% increase. Tim Hortons accounted for 46% of overall restaurant brand revenue in the quarter.
Burger King reported same-store sales growth of 2.7%, beating Street Account expectations of 2.4%.
Popeyes was a laggard in its portfolio of restaurant brands. Same-store sales fell 4.8%, a sharper decline than Wall Street’s forecast of a 2.4% decline.
But the company has plans to revive its struggling fried chicken chain. In November, Restaurant Brands named Burger King veteran Peter Perdue to lead the chain’s U.S. and Canadian operations. Last month, the company named Popeyes veteran Matt Rubin as the chain’s newest chief marketing officer.
Restaurant Brands will share more ideas for growing the business at its investor day in Miami on February 26th.
