Description

Restaurant Brands International Is Rebuilding Burger King (QSR) — Is the U.S. Turnaround Finally Gaining Traction?

Restaurant Brands International reported its fourth quarter and full year 2025 financial results with a combination of achievements and challenges as the company continues to navigate the constantly evolving quick-service restaurant (QSR) landscape. The results indicate a balanced interplay of positive advancements in operational execution and financial pressures, reflecting the company’s strategic realignments and regional strategies. The company experienced comparable sales growth of 2.4%, along with net restaurant growth of 2.9%, resulting in system-wide sales growth of 5.3%. Organic adjusted operating income (AOI) saw a positive 8.3% growth, while nominal adjusted earnings per share (EPS) increased by an impressive 10.7%. This growth pattern highlights consistent earnings enhancement, which has now persisted for three consecutive years, signifying solid execution within the sector. With respect to its individual brands, Tim Hortons continued to showcase strong brand fundamentals, contributing 42% of the operating profit.