Restaurant Brands International Q3 revenue rises, adjusted EPS up 6.9%
QSR•Restaurant Brands International said Q3 revenue rose year over year and adjusted EPS increased 6.9% to $1.10. It returned $1.3 billion to shareholders year to date and remains on track for 8% organic Adjusted Operating Income growth in 2026.
1. Quarterly results
Restaurant Brands International reported higher Q3 revenue year over year and adjusted EPS of $1.10, up 6.9%. Higher equipment sales to franchisees and commodity prices contributed to revenue growth. Higher comparable sales drove Burger King revenue, with U.S. comparable sales up 8.4%; restaurant-count growth, particularly internationally and at Firehouse Subs, also contributed to higher revenue and operating income.
2. 2026 outlook
The company said it remains on track for 8% organic Adjusted Operating Income growth in 2026. It expects 2026 Segment G&A, excluding RH, of $600 million to $620 million, and RH Adjusted Operating Income of about $10 million to $20 million. Year to date, it returned $1.3 billion to shareholders through dividends and buybacks.
