Restaurant Brands International beats Q3 2026 EPS estimates behind 8.4% Burger King U.S. growth

Restaurant Brands International reported third quarter 2026 adjusted EPS of $1.10, slightly beating analyst estimates, while total revenue of $2.53 billion narrowly missed expectations. The quarter was defined by strong momentum at Burger King U.S. following multi-year turnaround investments, which helped offset continued comparable sales pressure at Popeyes.

Key Highlights

• Burger King U.S. comparable sales grew 8.4%, driven by the 'Reclaim the Flame' initiative and 'Royal Reset' modernization program.
• Popeyes U.S. comparable sales declined 2.2%, failing to meet the recovery expectations highlighted in investor previews.
• Tim Hortons maintained steady performance with 1.8% comparable sales growth in its core Canadian market.
• The company remains on track for its 2026 full-year target of 8% organic Adjusted Operating Income growth.