For a shareholder in Restaurant Brands International, the core belief is that a global, franchise heavy fast food platform can keep turning system wide sales into dependable earnings and cash. The latest quarter delivered US$2,525 million of revenue and US$542 million of net income, which supports that thesis without radically changing it.
The near term swing factor still sits in day to day execution at Burger King U.S. and Popeyes U.S., where beef inflation and softer traffic have been pressure points. Strong recent earnings soften those worries a bit but do not remove the risk that higher costs or sluggish U.S. demand squeeze margins.
The most relevant fresh data point is the third quarter 2026 earnings release. Revenue for the quarter was US$2,525 million and net income reached US$542 million, with diluted earnings per share from continuing operations at US$1.54. For the first nine months, Restaurant Brands International reported US$7,309 million of revenue and US$1,387 million of net income.
Those numbers matter because they show how the business is converting its international expansion, Burger King U.S. refresh and Tim Hortons menu work into profit while still carrying meaningful debt and commodity cost exposure. Stronger recent earnings give management more room to keep funding remodels and store growth, which ties directly into the key catalysts investors are watching.
Restaurant Brands International's narrative projects US$10.1b revenue and US$2.2b earnings by 2029. This rests on analysts assuming 1.5% yearly revenue growth and an earnings increase of about US$800m from around US$1.4b today.
Uncover why Restaurant Brands International's fair value indicates an 11% potential upside to its current price, which could narrow quickly.
Three fair value estimates from the Simply Wall St Community cluster between about US$78 and US$86 per share, so private investors are not treating Restaurant Brands International as wildly mispriced. You now need to weigh that against fresh earnings strength, the affirmed US$0.65 dividend, and ongoing pressure from U.S. traffic and beef costs.
Explore 2 other Restaurant Brands International fair value estimates, including one that suggests up to 11% upside from the current price.
Don't just follow the ticker; dig into the data and build a conviction that's truly your own.
If this latest update on Restaurant Brands International has sharpened your view on income and value, you can use that same lens across the wider market. The Simply Wall St Screener can help you quickly sort through listed businesses so you can focus on the ones that best match your risk tolerance, income goals, and quality filters.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com