RBI: Reports Fourth Quarter 2021 Financial Results

Oakville / CA. (rbi) Restaurant Brands International Inc. (RBI) reported financial results for the full year and fourth quarter ended December 31, 2021. José E. Cil, Chief Executive Officer, commented, «I’m proud of the strong performance our brands delivered as we closed out 2021. During the quarter, we saw sequential improvements in each brand and around the world, including notable growth at Tim Hortons Canada and Burger King U.S.»

Cil continued, «Two areas of particular strength across our business have been in digital sales and restaurant growth. Our digital investments have been embraced by our guests, with global digital sales reaching USD 10 billion in 2021, up from USD 6 billion in 2020 and now representing about 30 percent of our global system-wide sales. In addition, our strong global network of franchisees and our development team opened over 1,200 net new restaurants, representing the highest levels of restaurant growth at Tim Hortons and Popeyes in recent history.

«Our growth throughout 2021 resulted in strong free cash flow generation, allowing us to make important investments in our business while returning over USD 1.5 billion of capital to shareholders and acquiring a new restaurant brand in Firehouse Subs. I am excited for what lies ahead for our family of four iconic brands and am confident in the strength of our team, our franchisees and our strategies to drive long-term growth and value creation.»

For additional information please read Restaurant Brands International’s PDF file below (367 KB):

20220215-RBI-Q4-2021.