Photo from Unsplash by Robin Stickel.
Restaurant Brands International net income records at US$252m in Q3 2024
The group’s total revenue increased to US$2.3b in Q3 2024.
Restaurant Brands International’s (RBI) net income attributable to common shareholders was recorded at US$252m for the third quarter ended 30 September 2024 (Q3 2024), according to their financial report.
The group’s total revenue increased to US$2.3b in Q3 2024 from US$1.8b in Q3 2023. The report noted that on an organic basis, the increase was attributed to the net impact of the non-Carrols-acquired Burger King (BK) restaurants and the acquisition of Popeyes Louisiana Kitchen (PLK) Carrols restaurants.
Moreover, it was also said that the growth in organic total revenues was also driven by the increase in system-wide sales at International (INTL) and Tim Hortons (TH), partially offset by decreases in system-wide sales at BK, PLK, and Firehouse Subs (FHS).
RBI’s diluted earnings per share was at 0.79 cents, which was the same as the previous year in the same quarter.
