RBI posts Q2 comps of 6.7% for BK; 5.5% for Tim Hortons

Burger King posted a comparable-store sales gain of 6.7 percent and sister concept Tim Hortons reported an increase of 5.5 percent for the second quarter, parent company Restaurant Brands International said Monday.

The Canada-based company noted that Burger King grew by a net gain of 141 units in the quarter, while Tim Hortons expanded by a net of 52 stores.

The numbers show that Tim Hortons, a Canadian chain that has struggled to infiltrate the U.S. market, is still the larger business within RBI’s portfolio. The doughnut-and-coffee brand contributed an adjusted EBITDA of $234.3 million in U.S. dollars, compared with Burger King’s $192.9 million.

Corporate net income was $90.8 million, a 21 percent increase from the year-ago quarter but a 37 percent decline from the pro forma level (RBI was formed within the past year by the merger of Burger King and Tim Hortons).

CEO Daniel Schwartz noted that virtually all of RBI’s restaurants are franchised.


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