Restaurant Brands International (NYSE:QSR) reported fourth-quarter results that outpaced market expectations, fueled by solid international momentum at Burger King.
System-wide comparable sales rose 3.1% in the quarter, improving from 2.5% a year earlier and beating Bloomberg consensus forecasts for 2.55% growth.
On an adjusted basis, earnings per share reached $0.96 for the quarter ended December 31, ahead of analyst estimates of $0.94.
Adjusted EBITDA climbed 12% year over year to $772 million, surpassing Wall Street expectations of $767.2 million. Revenue increased 7.4% to $2.47 billion, also topping projections.
International comparable sales at Burger King accelerated to 5.8%, up from 4.9% a year ago. In the U.S., efforts to revamp restaurant operations and marketing initiatives helped lift same-store sales by 3.1%.
Tim Hortons delivered a 4.2% rise in comparable sales, as the Canadian coffee chain continues to expand its food offerings to drive higher customer traffic.
“Our performance in 2025 reflects the progress we’ve made strengthening our brands and our system, driven by consistent execution from our teams and franchisees,” said CEO Josh Kobza.
Shares of Restaurant Brands edged slightly higher in premarket U.S. trading following the announcement.