Restaurant Brands International (RBI), the parent of fast-food chains Burger King, Popeyes and Tim Hortons, has reported net income attributable to common shareholders of $315m, or $0.96 per share, in the third quarter (Q3) of 2025.
In the same period of 2024, the company’s net income stood at $252m, or $0.79 per share.
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Total revenues were $2.45bn for the quarter ended 30 September 2025, up 6.9% from $2.29bn a year earlier.
This was driven by strong performance in the international segment, where system-wide sales increased 12.1%.
Same-store sales climbed 4% year-on-year, benefitting from a 4.2% growth at Tim Hortons Canada and 3.1% at Burger King.
Popeyes’ same-store sales, however, fell 2.4%.
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By GlobalDataFor the first nine months of 2025, total revenues were $6.97bn versus $6.11bn in the same period of the previous year.
Net income attributable to common shareholders for the nine months was $663m, down from $762m in the comparable period of 2024.
RBI’s board has declared a dividend of $0.62 per common share.
RBI CEO Josh Kobza stated: “Our teams delivered a strong quarter, driven by momentum from Tim Hortons and our International business, which together generate roughly 70% of our earnings. Burger King also had a great quarter, outperforming most of the industry through consistent and disciplined execution of our plan.
“Across our businesses, our franchisees are more aligned than ever, and that partnership, combined with disciplined execution, has us firmly on track to deliver at least 8% organic adjusted operating income growth this year.”
The company reiterated its guidance for 2025, continuing to expect adjusted interest expense net of $520m.
It also maintained its long-term consolidated targets for the 2024 to 2028 period of more than 3% comparable sales and more than 8% organic adjusted operating income growth on average.
RBI noted that Burger King is progressing with its multi-year Reclaim the Flame programme, which includes up to $700m of investment through the end of 2028 in advertising and digital, remodels and relocations, restaurant technology, kitchen equipment and building enhancements.
In Q2 2025, RBI reported revenues of $2.41bn, compared with $2.08bn in the same quarter of 2024.
