Restaurant Brands International (RBI), the parent of fast-food chains including Burger King and Tim Hortons, has reported total revenues of $2.41bn in the second quarter (Q2) of 2025, compared to $2.08bn in the same period lof the previous year.

The company experienced a 5.3% increase in system-wide sales compared to the previous year, with international sales showing 9.8% growth.

Despite these gains, RBI’s financials indicate a mixed performance. The company reported a 5.7% organic growth in adjusted operating income, which amounted to $668m.

However, income from operations for the quarter saw a significant reduction of 27.2% to $483m, down from $663m in the same quarter of 2024.

Adjusted diluted earnings per share also saw an improvement, climbing 9.2% to $0.94.

The firm’s comparable sales rose to 2.4%, with Burger King International and Tim Hortons Canada contributing increases of 4.1% and 3.6%, respectively.

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Net income from continuing operations followed a similar downward trend, dropping 34.1% to $264m  from the previous year’s $399m.

Net income attributable to common shareholders was reported at $189m.

Breaking down performance by segments, Burger King’s sales increased 1%, with US comparable sales up by 1.5%. Tim Hortons reported a 3.9% growth in system-wide sales.

Popeyes saw 1.6% growth, while Firehouse Subs led with a 6.3% increase in system-wide sales.

Despite the challenges faced in Q2, RBI is predicting a more than 8% organic growth in adjusted operating income for the entirety of 2025.

RBI CEO Josh Kobza stated: “We made great progress in the second quarter advancing our strategic priorities, with improved sales trends and strong execution led by our two largest businesses, Tim Hortons and International.

“Across the system, we’re seeing strong franchisee alignment, impactful marketing, and focused operational initiatives drive meaningful improvements in the guest experience.”

In February 2025, RBI expanded its portfolio by acquiring Burger King China from its local franchisee for $158m.

For Q1 2025, RBI reported a net income attributable to common shareholders of $159m, lower than the $230m recorded for the corresponding period of the previous year.

May 2024 saw RBI finalising the acquisition of Carrols Restaurant Group for $1bn. It represents the largest collection of Burger King franchises in the US.