Restaurant Brands International Limited Partnership (TSE:QSP.UN) Full Year 2024 Results

Key Financial Results

Revenue: US$8.41b (up 20% from FY 2023). Net income: US$1.44b (down 16% from FY 2023). Profit margin: 17% (down from 24% in FY 2023). The decrease in margin was driven by higher expenses. EPS: US$4.30 (down from US$5.03 in FY 2023).

QSP.UN Sales Performance and Store Count

Same store sales growth: 2.3% vs FY 2023. Total stores: 32,125 (up by 1,055 from FY 2023).TSX:QSP.UN Revenue and Expenses Breakdown February 25th 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

The primary driver behind last 12 months revenue was the Tim Hortons (TH) segment contributing a total revenue of US$4.04b (48% of total revenue). Notably, cost of sales worth US$5.38b amounted to 64% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling US$882.0m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how QSP.UN's revenue and expenses shape its earnings.

Restaurant Brands International Limited Partnership shares are down 2.4% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for Restaurant Brands International Limited Partnership that you need to take into consideration.

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