QSR Q1 2026

Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025

Earnings

Restaurant Brands International served up a broad-based beat in Q1 2026, with adjusted diluted EPS of $0.86 clearing the $0.83 consensus estimate by nearly 4% and revenue of $2.26 billion edging past expectations by about 1%, rising 7.3% year-over-ye… Read more Restaurant Brands International served up a broad-based beat in Q1 2026, with adjusted diluted EPS of $0.86 clearing the $0.83 consensus estimate by nearly 4% and revenue of $2.26 billion edging past expectations by about 1%, rising 7.3% year-over-year. The standout driver was a sharp turnaround at Burger King US, where comparable sales accelerated to 5.8% from -1.1% a year ago, validating years of investment under the "Reclaim the Flame" initiative, while the International segment added to the momentum with 5.7% comparable sales growth and 11.1% system-wide sales expansion. GAAP income from operations surged 39.3% to $606 million, partly aided by favorable swings in other operating items and a lower effective tax rate tied to an intra-group reorganization, with another approximately $170 million discrete tax benefit anticipated in Q2 2026. Tim Hortons extended its positive comparable sales streak to 20 consecutive quarters, though Popeyes US remained a soft spot at -6.5%. RBI reiterated its target of 8%+ organic adjusted operating income growth, with several analysts lifting price targets ahead of the print on the strength of Burger King's continued momentum.