International Restaurant Brands (QSR) earnings for Q3 2025

International restaurant brands On Thursday, it reported quarterly earnings and revenue that beat analysts’ expectations, helped by growth in its global restaurants and Tim Hortons.

Combined, the two divisions account for nearly 70% of the company’s profits, according to CEO Josh Kobza.

Shares of the restaurant brands rose 3% in premarket trading.

Here’s what the company reported compared to what Wall Street was expecting, based on a survey of analysts conducted by LSEG:

• EPS: $1.03 was revised from $1 expected
• profit: $2.45 billion versus $2.4 billion expected

Restaurant Brands reported third-quarter net income attributable to shareholders of $315 million, or 96 cents per share, compared with $252 million, or 79 cents per share, a year earlier.

Excluding transaction costs and other items, the company had earnings of $1.03 per share.

Net sales increased by 6.9% to $2.45 billion. The company’s same-store sales, which track the metric only at restaurants open at least a year, rose 4%.

Restaurant Brands’ international segment was the star of the quarter, posting same-store sales growth of 6.5%. This beat the StreetAccount consensus estimate of 4.4%.

Tim Hortons reported same-store sales growth of 4.2%. The Canadian coffee chain has been leaning more into food offerings to increase sales and traffic at its restaurants.

Burger King’s same-store sales rose 3.1%, showing that the chain’s U.S. turnaround strategy is paying off for the business. Burger King has focused on restaurant revamps and marketing based on core menu items like the Whopper to revitalize local sales.

Popeyes was the only restaurant brand division to report same-store sales declines. The chicken restaurant chain saw its same-store sales shrink by 2.4%. In recent quarters, it has struggled to keep up with competitors, especially when it comes to competing for valuable customers.