Restaurant Brands International, parent company to Tim Hortons, Popeyes and Burger King, has announced financial results for the third quarter ended Sept. 30, 2021.

Global system-wide sales grew 11% year-over-year and accelerated sequentially to 5% compared to 2019. Burger King international system-wide sales grew 25% year-over-year and 10% compared to 2019.
Year-to-date unit growth and pipeline keep RBI on track to return to pre-pandemic levels in 2021 and accelerate in 2022. The company returned over $425 million of capital to shareholders through dividends and share buybacks, according to a press release.

"Our results this quarter reflect the value of having a diversified business model across three brands and in over 100 countries," José Cil, chief executive officer of Restaurant Brands International Inc., said in the release. "Overall, we saw a continued acceleration in system-wide-sales growth relative to 2019, reflecting improvements in the Tim Hortons Canada business as well as strength across each of our brand's international businesses. Our strong restaurant growth this year and exciting development pipeline keep us on track to return to pre-pandemic unit growth levels this year and well positioned to accelerate in 2022 as we continue on our path to 40,000 restaurants around the world. This quarter, we also took important steps to focus our attention on the most significant opportunities at Burger King U.S. to drive long-term, sustainable growth in the business."

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