Restaurant Brands (QSR) Misses Q4 EPS by 2c
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Restaurant Brands International Inc. Reports Full Year and Fourth Quarter 2022 Results
February 14, 2023 6:00 AM ESTGlobal fourth quarter system-wide sales grow nearly 12% and over 13% for 2022Consolidated comparable sales up nearly 8% in Q4, led by 11% growth at Tim Hortons Canada and Burger King InternationalDigital sales grow over 30% year-over-year to over $13.5 billion in 2022, representing over a third of system-wide salesRestaurant growth accelerates to 1,266 net new units with Popeyes delivering its strongest development year since joining RBIRBI returns nearly $1.3 billion of capital to shareholders in 2022 while investing for growth and reducing net leverageRBI Board of Directors appoints Joshua Kobza to become CEO on March 1,... More
