Restaurant Brands International (QSR) Q1 FY26 earnings call

Earnings call· Mar 2026 (Q1 FY26)· Consumer Discretionary· May 6, 2026

Source: earnings call transcript

Restaurant Brands International delivered a strong first quarter, showcasing robust top-line growth driven by Burger King's U.S. turnaround and consistent performance from International and Tim Hortons. The company resumed share repurchases, signaling confidence in its strategy and commitment to shareholder returns. While Popeyes faced headwinds, management outlined a clear plan for improvement, aiming for a return to positive comparable sales in the second half of the year.

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QSR operating KPIs by quarter

QSR operating KPIs stated on its earnings calls, by fiscal quarter
KPI	Dec 2024 Q4 FY24	Mar 2025 Q1 FY25	Change vs prior quarter
Restaurants Popeyes International	<1,500 We've grown the business from roughly 500 international restaurants to nearly 1,500 today and from around $300 million in system-wide sales to nearly $1.3 billion. Source: earnings call transcript	~1,500 We're now at about 1,500 international restaurants. Source: earnings call transcript	—

Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.

Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.