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Restaurant Brands International (TSX:QSR) Sees 20% Revenue Growth in FY24, Eyes 8% System-Wide Sales Growth by 2028
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Highlights
Restaurant Brands International Inc. (TSX:QSR) is a global quick-service restaurant company with over 32,000 restaurants across more than 120 countries and territories.
In the financial year 2024 (FY24), QSR achieved a 19.7% increase in annual revenue, rising to USD 8,406 million from USD 7,022 million in FY23. This growth was primarily driven by the acquisition of restaurants from franchisees and a notable increase in system-wide sales. Operating costs also rose by 20.4% YoY, totalling USD 5,987 million, mainly due to higher restaurant and advertising expenses.
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