Restaurant Brands International Inc. (NYSE:QSR), parent company of Tim Hortons’ and Burger King, reported Thursday results for the fourth quarter and full year 2025.

Total revenue rose to $2.466 billion in the quarter from $2.296 billion a year earlier and to $9.434 billion for 2025 from $8.406 billion.

The company’s Q4 adjusted EPS of 96 cents exceeded the 95 cents estimate, and sales of $2.466 billion, topping the $2.413 billion estimate.

Restaurant Brands also reported a decline in Q4 earnings, with diluted GAAP EPS from continuing operations at 60 cents. That’s down from 79 cents a year ago.

Income from operations decreased to $621 million from $635 million, while net income from continuing operations fell to $274 million from $361 million. The owner of Popeyes also posted a net loss of $119 million from discontinued operations, with diluted net income per share of $0.34.

For the full year, diluted GAAP EPS from continuing operations dropped to $2.63 from $3.18, while adjusted diluted EPS rose to $3.69 from $3.34.

  • System-wide sales grew 5.8% in Q4 to $12.131 billion, with consolidated comparable sales rising 3.1%, driven by a 6.1% increase …

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