Continued improvement in global system-wide sales growth, accelerating to +4% compared to 2019
Unit growth returns to pre-pandemic levels with 378 net new restaurants opened in the 1st half.
Digital sales in home markets scale up by nearly +60% year over year and +15% sequentially.
Liquidity expands to $2.8 billion, net leverage declines significantly, and Board authorizes a $1 billion buyback program.
TORONTO (StLouisRestaurantReview) Restaurant Brands International Inc. (TSX: QSR) (NYSE: QSR) (TSX: QSP) today reported financial results for the second quarter ended June 30, 2021. This post is a summary only. Please refer Restaurant Brands International website for complete details.
José E. Cil, Chief Executive Officer of Restaurant Brands International Inc. (“RBI”), commented, “We are encouraged by the momentum across our business – including sales increases driven by quality menu items, rapid adoption of our digital channels by our guests and an acceleration in new restaurant openings around the world by our franchisees who believe strongly in our brands and business model.”
Cil continued, “We also announced an increase in our share buyback authorization to $1 billion over the next two years, demonstrating our confidence in the value creation opportunity we have ahead of us with our three iconic brands, scalable business model, expanding digital strength and dedicated franchise partners. We believe we are well-positioned to drive sustainable, long-term sales growth across the business and to continue enhancing shareholder returns with significant returns of capital through our industry-leading dividend and opportunistic share buybacks under our newly expanded authorization.”
