$QSR

Restaurant Brands International’s net income rises to $542m in Q3

Restaurant Brands International (RBI) reported Q3 2026 net income of $542m, up from $315m a year earlier. Total revenue was $2.53bn, driven by higher supply chain sales. Global comparable sales rose 3.8%, with Burger King US up 8.4%. System-wide net restaurant growth was 3%. RBI returned $1.3bn to shareholders year-to-date and expects 8% organic adjusted operating income growth in 2026.

Original reporting
Published Oct 30, 2026, 11:29 AM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Oct 30, 2026, 11:31 AM UTC. Informational, not investment advice.
How this was made
AlphAI summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
Restaurant Brands International’s net income rises to $542m in Q3 — source image
Decision brief

The 30-second read

$QSRBullishHigh
01

Why it matters

The earnings beat and raised guidance suggest a bullish outlook for QSR and may lift the quick‑service restaurant sector.

02

Market read

Strong Q3 earnings and guidance raise for QSR provide a clear catalyst for the stock and signal positive momentum for the broader consumer‑discretionary space.

03

What to watch

Potential headwinds from rising commodity prices and supply‑chain costs could pressure margins despite top‑line growth.

Relevance 9/10Novelty 9/10Timing: today

Background

Restaurant Brands International (QSR) is the parent of Burger King, Tim Hortons and Popeyes, reporting its third‑quarter 2026 results.

Company-level read

Ticker impact

$QSRBullishHigh confidence
Context

QSR reported Q3 2026 net income of $542M, revenue of $2.53B and raised its 2026 operating‑income guidance, indicating a solid earnings beat.

Expected impact

likely upward pressure as investors price in the earnings beat and guidance raise

Evidence & confidence

The company posted higher net income and revenue versus the prior year and reaffirmed 8% organic operating‑income growth, which is better than consensus expectations.

Market effects

Positive for quick‑service restaurant and broader consumer‑discretionary sector as peers may see similar earnings momentum.

U.S. and Canada markets, where Burger King and Tim Hortons have strong presence.

Impacts global consumer‑discretionary sentiment, especially for multinational QSR franchise operators.

Counterpoint

If the earnings beat is already priced in, the stock could face short‑covering pull‑back or profit‑taking.

Key entities

  • Restaurant Brands International

    Parent company of Burger King, Tim Hortons and Popeyes; ticker QSR.

Related articles

$QSRHighAI 8/10

QSR Q3 deep dive: Burger King remodels and menu innovation drive operational focus

QSR reported Q3 revenue of $2.53B (1% below estimates) and adjusted EPS of $1.10 (1.4% beat). Burger King's remodels and menu innovations drove same-store sales growth of 3.8%. The company aims to modernize all locations by 2028-2029. Popeyes faced near-term sales pressure due to menu simplification but showed operational improvements. International markets, particularly Japan, Korea, and Brazil, showed strong performance.

$QSRMed

Burger King's menu change isn’t just about better chicken nuggets

Burger King reported strong sales, with U.S. same-store sales up 8.4% and system-wide sales up 7.5%, reclaiming the #2 position in the U.S. burger category. However, high beef costs have delayed franchise remodels, though some relief is expected next year. The USDA forecasts beef prices to rise 8.6% in 2026. The company is focusing on long-term improvements, including store remodels and menu changes.

$QSRHighAI 8/10

What Restaurant Brands International (QSR) Said on Its Q3 Earnings Call

Restaurant Brands International (QSR) reported Q3 earnings. Burger King's consumer consideration rose to 78%. Tim Hortons saw 1.8% same-store sales growth, with Matcha drinks driving cold beverage sales. International segment grew 9% system-wide. Popeyes had a 1.8% same-store sales decline but improved satisfaction metrics. Firehouse Subs grew 8.3% system-wide. QSR generated $500M+ in free cash flow, repurchased $274M in shares, and maintained 2026 guidance.

$QSRHighAI 8/10

BMO reiterates Restaurant Brands stock rating on strong Burger King results

BMO Capital reiterated an Outperform rating and $91.00 price target for Restaurant Brands International (QSR). Q3 2026 EBITDA was $829M, slightly below estimates, but EPS of $1.10 beat expectations. Burger King's comparable sales rose 8.3%, and Tim Hortons showed rebound. QSR's P/E ratio is 18.44, and PEG ratio is 0.3, suggesting attractive valuation. The company reiterated its 2026 guidance, and BMO expects continued growth.

$QSRMedAI 8/10

Restaurant Brands International Inc (QSR) Q3 2026 Earnings Call Highlights: Burger King

Restaurant Brands International (QSR) reported Q3 2026 results: 6.2% systemwide sales growth, 6.7% organic adjusted operating income growth. Burger King US led with 8.4% same-store sales, while Popeyes saw a 1.8% decline. International segment grew 3.9% same-store sales. QSR returned $569M to shareholders. Challenges include Popeyes' slower recovery and higher beef costs delaying Burger King remodels.