Restaurant Brands International Reports Surging Profitability and Sales Growth Across Chains
Restaurant Brands International (RBI) reported a significant increase in franchisee profitability for its chains, with Burger King leading the way in the U.S. as typical locations generated 46% more profits in 2023 compared to the previous year. Other RBI concepts, including Popeyes, Tim Hortons, and Firehouse Subs, also saw substantial increases in per-store profits. The company attributed the profitability improvements to price increases, operational initiatives, and better sales. Despite the progress, RBI aims for even higher profitability and has tied metrics to its "Reclaim the Flame" investment.