Restaurant Brands International (NYSE:QSR) shares dipped slightly in pre-market trading Thursday despite the fast-food giant delivering a "beat and raise" performance for the final quarter of 2025.
The parent company of Burger King and Tim Hortons reported fourth-quarter revenue of $2.47 billion, surpassing the $2.40 billion consensus.
Net income for the quarter reached $113 million, or $0.34 per share, while adjusted diluted EPS of $0.96 beat the $0.93 estimate.
The results were driven by a 5.8% increase in system-wide sales, fueled largely by a robust 6.1% comparable sales jump in international markets.
While Burger King US saw steady progress with a 2.6% increase in same-store sales, the Popeyes brand remained a drag on performance, with comparable sales declining 4.8% amid fierce competition in the chicken category.
Meanwhile, the company successfully met its 2025 targets for organic Adjusted Operating Income growth and significantly improved its balance sheet, ending the year with a net leverage ratio of 4.2x.
Management also signaled high confidence in the 2026 outlook, reaffirming its long-term growth algorithm of 3% comparable sales and 8%+ organic adjusted operating income growth.