TORONTO — The parent company of Tim Hortons, Burger King, Popeyes and Firehouse Subs raised its quarterly dividend as it reported fourth-quarter net income of US$361 million.
Restaurant Brands International Inc., which keeps its books in U.S. dollars, says it will pay a quarterly dividend of 62 cents US per share, up from 58 cents US per share.
The increased payment came as the company said its profit amounted to 79 cents US per share for the quarter ended Dec. 31, down from US$726 million or US$1.60 per diluted share a year earlier.
On an adjusted basis, the company says it earned 81 cents US per diluted share in its latest quarter, up from an adjusted profit of 75 cents US per diluted share a year earlier.
Revenue totalled US$2.30 billion for the quarter, up from US$1.82 billion in the last three months of 2023, as system-wide sales totalled US$11.28 billion in its latest quarter, up from US$10.89 billion a year earlier.
Overall comparable sales rose 2.5 per cent.
This report by The Canadian Press was first published Feb. 12, 2025.
Companies in this story: (TSX:QSR)
The Canadian Press
