Worldwide sales at Restaurant Brands International grow 14%, now above pre-pandemic levels
By Canadian PizzaCOVID-19 Updates News Business and Operations
Toronto – Restaurant Brands International Inc. reported financial results for the second quarter ended June 30, 2022.
“We made significant progress across our business in the second quarter, accelerating consolidated comparable sales to 9% and driving 14 per cent growth in global system-wide sales. These results reflect benefits from our dedicated investments in key areas of the business, including people, technology, operations and marketing,” said José Cil, chief executive officer of RBI.
“The team at Tim Hortons Canada delivered exceptional results this quarter, aided by investments against our Back to Basics plan and strong execution from our committed group of restaurant owners,” Cil said. “In the second quarter, we drove sales above pre-pandemic levels for the first time since the onset of the pandemic and continue to build strong momentum as we move to accelerate growth.”
Cil reported steady improvements in the company’s Burger King U.S. business and will be sharing the details of its plan to accelerate home market growth with its franchisees in early September. In the last quarter, the Burger King international business posted 18 per cent comparable sales and 28 per cent system-wide sales growth.
See the full press release.
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