Restaurant Brands International Limited Partnership (QSP) Quarterly and Annual Segment Results by Country and Region - CSIMarket
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Restaurant Brands International Limited Partnership  (QSP)
    Sector  Services    Industry Restaurants
   Industry Restaurants
   Sector  Services

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Description of Restaurant Brands International Limited Partnership's Business Segments


Restaurant Brands International Limited Partnership (RBI) operates as a global leader in the fast-food industry, with a diverse portfolio of well-known restaurant brands, each catering to distinctive market segments. Below is an extensive overview of the segments, products, and services provided by RBI.

1. Segments

a. Burger King
Burger King is a prominent player in the fast-food market and is recognized for its flame-grilled approach to burgers. The menu is expansive, featuring:

- Signature Burgers: The Whopper is the flagship item, renowned for its juicy, flame-grilled beef patty and customizable toppings. Other popular options include the Whooper Jr. Bacon King, and various limited-time offerings.
- Chicken offerings: In addition to grilled chicken sandwiches and crispy chicken nuggets, Burger King provides unique items like the Chicken Fries.
- Fish and Vegetarian options: Burger King offers fish sandwiches as well as an expanding range of plant-based products, including the Impossible Whopper, appealing to diverse dietary preferences.
- Sides and Desserts: The menu also includes a variety of sides such as French fries, onion rings, and salads, as well as desserts like soft-serve ice cream and classic pies.

b. Tim Hortons
Tim Hortons, a quintessential Canadian fast-food chain, places a strong emphasis on coffee and baked goods:

- Coffee and Beverages: Tim Hortons is famous for its freshly brewed coffee, including a range of specialty lattes, cappuccinos, iced coffees, and teas. The Iced Cappuccino remains one of its signature beverages.
- Baked Goods: The chain is also known for its doughnuts, particularly Timbits, which are available in various flavors. Other baked goods include muffins, croissants, and cookies.
- Food Offerings: Tim Hortons extends its menu to include breakfast items like sandwiches and wraps, as well as lunch staples such as soups, chili, and sandwiches.

c. Popeyes
Popeyes Louisiana Kitchen stands out in the fast-food arena with its focus on Southern cuisine:

- Fried Chicken: Popeyes is particularly renowned for its spicy chicken offerings, including bone-in fried chicken and chicken tenders. The signature blend of Cajun spices has cultivated a loyal customer base.
- Chicken Sandwiches: The Popeyes chicken sandwich has gained remarkable popularity, featuring a crispy chicken filet sandwiched between a buttery brioche bun with pickles and a choice of sauces.
- Seafood: In addition to poultry, Popeyes provides a selection of seafood items, including fried shrimp and catfish.
- Sides and Biscuits: Accompaniments include classic sides like mashed potatoes, red beans and rice, coleslaw, and the signature flaky biscuits, which are a staple of the Popeyes experience.

Products

a. Burgers and Sandwiches
RBI brands have created a broad array of burgers and sandwiches, incorporating variations in meats, breads, toppings, and sauces to satisfy diverse consumer preferences.

b. Fried Chicken
Popeyes, being the primary fried chicken brand, offers several variations, ensuring customers can choose between traditional and spicy options, as well as unique dishes like chicken sandwiches and tenders in various portions.

c. Coffee and Beverages
Tim Hortons leads in providing a vast selection of beverages, from simple black coffee to intricate specialty drinks. Additionally, soft drinks, iced teas, and smoothies can be found across all segments.

d. Donuts and Pastries
Tim Hortons focuses heavily on sweet offerings, with Timbits, doughnuts, and a variety of other pastries becoming notable items that drive traffic to its locations.

Services

a. Drive-thru
RBIs brands incorporate drive-thru services, allowing for convenient ordering and pickup. This service is particularly vital to modern consumers who prioritize speed and convenience.

b. Online Ordering
RBI utilizes digital platforms that enable customers to place orders online, enhancing the ease of access to its menu items.

c. Delivery
Through partnerships with third-party delivery services, RBI extends its reach, ensuring that customers can enjoy their favorite food from the comfort of their homes.

d. Catering
Tim Hortons and Popeyes offer catering solutions for events such as corporate functions, parties, and gatherings, targeting both business and personal markets.

In conclusion, Restaurant Brands International Limited Partnership encompasses a diverse range of segments, products, and services, each tailored to meet the needs of a varied customer base. The combination of iconic brands like Burger King, Tim Hortons, and Popeyes allows RBI to solidify its position as a major player in the global fast-food market, continuously innovating and adapting to changing consumer preferences.


Composition of Restaurant Brands International Limited Partnership Revenues by Segments

 
Product    46.67 % of total Revenue
Royalty, Property Revenue, and Franchisor    60.12 % of total Revenue
Advertising    24.56 % of total Revenue
Tim Hortons    84.68 % of total Revenue
Burger King    30.24 % of total Revenue
Popeyes Louisiana Kitchen    15.44 % of total Revenue
Firehouse Subs    4.8 % of total Revenue
International    20.95 % of total Revenue
Restaurant Holdings    37.82 % of total Revenue
Intersegment Eliminations    -4.09 % of total Revenue
United States    91.11 % of total Revenue
Canada    76.94 % of total Revenue
Others    21.79 % of total Revenue
Royalty    7.18 % of total Revenue
Franchisor    0.24 % of total Revenue
Sales Revenue    0.32 % of total Revenue
Reportable Legal Entities    189.84 % of total Revenue

Q2 three months ended (Jun 30 2026)
Revenues by Business Segments Revenues
(in millions $)
%
(of total Revenues)
Product 1,176.00 46.67 %
Royalty, Property Revenue, and Franchisor 1,515.00 60.12 %
Advertising 619.00 24.56 %
Tim Hortons 2,134.00 84.68 %
Burger King 762.00 30.24 %
Popeyes Louisiana Kitchen 389.00 15.44 %
Firehouse Subs 121.00 4.8 %
International 528.00 20.95 %
Restaurant Holdings 953.00 37.82 %
Intersegment Eliminations -103.00 -4.09 %
United States 2,296.00 91.11 %
Canada 1,939.00 76.94 %
Others 549.00 21.79 %
Royalty 181.00 7.18 %
Franchisor 6.00 0.24 %
Sales Revenue 8.00 0.32 %
Reportable Legal Entities 4,784.00 189.84 %
Total 2,520.00 100 %




Q2 three months ended (Jun 30 2026)
Revenue Growth rates by Segment Y/Y Revenue
%
Q/Q Revenue
%
Product - -
Royalty, Property Revenue, and Franchisor - -
Advertising - -
Tim Hortons - -
Burger King - -
Popeyes Louisiana Kitchen - -
Firehouse Subs - -
International - -
Restaurant Holdings - -
Intersegment Eliminations - -
United States 97.08 % 108.92 %
Canada 95.46 % 114.97 %
Others - -
Royalty - -
Franchisor - -
Sales Revenue - -
Reportable Legal Entities - -
Total 4.56 % 11.31 %




Q2 three months ended (Jun 30 2026)
Income by Business Segments Income
(in millions $)
%
(Profit Margin)
Reportable Legal Entities 1,322.00 27.63 %
Total 665.00 26.39 %




Q2 three months ended (Jun 30 2026)
Income Growth rates by Segment Y/Y Income
%
Q/Q Income
%
Reportable Legal Entities - -
Total 152.85 % 49.44 %




Annual Report on Restaurant Brands International Limited Partnership Divisions, Sales by Country

 
United States   United States Segment contribution to total sales 48.3 % of total Revenue
Canada   Canada Segment contribution to total sales 40.77 % of total Revenue
TH   TH Segment contribution to total sales 45.02 % of total Revenue
BK   BK Segment contribution to total sales 16.05 % of total Revenue
PLK   PLK Segment contribution to total sales 8.48 % of total Revenue
FHS   FHS Segment contribution to total sales 2.46 % of total Revenue
INTL   INTL Segment contribution to total sales 10.58 % of total Revenue
RH   RH Segment contribution to total sales 19.5 % of total Revenue
InterEliminations   InterEliminations Segment contribution to total sales -0.32 % of total Revenue
InterEliminations BK   InterEliminations BK Segment contribution to total sales 2.09 % of total Revenue
Other   Other Segment contribution to total sales 10.93 % of total Revenue
Product Supply chain sales   Product Supply chain sales Segment contribution to total sales 30.84 % of total Revenue
Product Company restaurant sales   Product Company restaurant sales Segment contribution to total sales 24.89 % of total Revenue
Royalties   Royalties Segment contribution to total sales 20.96 % of total Revenue
Franchise fees and other revenue   Franchise fees and other revenue Segment contribution to total sales 1.6 % of total Revenue
Advertising revenues and other services   Advertising revenues and other services Segment contribution to total sales 12.9 % of total Revenue
Product Supply chain sales TH   Product Supply chain sales TH Segment contribution to total sales 30.84 % of total Revenue
Product Company restaurant sales TH   Product Company restaurant sales TH Segment contribution to total sales 0.49 % of total Revenue
Product Company restaurant sales BK   Product Company restaurant sales BK Segment contribution to total sales 2.49 % of total Revenue
Product Company restaurant sales PLK   Product Company restaurant sales PLK Segment contribution to total sales 1.94 % of total Revenue
Product Company restaurant sales FHS   Product Company restaurant sales FHS Segment contribution to total sales 0.48 % of total Revenue
Product Company restaurant sales RH   Product Company restaurant sales RH Segment contribution to total sales 19.5 % of total Revenue
Royalties TH   Royalties TH Segment contribution to total sales 3.59 % of total Revenue
Royalties BK   Royalties BK Segment contribution to total sales 5.18 % of total Revenue
Royalties PLK   Royalties PLK Segment contribution to total sales 3.12 % of total Revenue
Royalties FHS   Royalties FHS Segment contribution to total sales 0.81 % of total Revenue
Royalties INTL   Royalties INTL Segment contribution to total sales 9.14 % of total Revenue
Franchise fees and other revenue TH   Franchise fees and other revenue TH Segment contribution to total sales 0.31 % of total Revenue
Franchise fees and other revenue BK   Franchise fees and other revenue BK Segment contribution to total sales 0.17 % of total Revenue
Franchise fees and other revenue PLK   Franchise fees and other revenue PLK Segment contribution to total sales 0.17 % of total Revenue
Franchise fees and other revenue FHS   Franchise fees and other revenue FHS Segment contribution to total sales 0.39 % of total Revenue
Franchise fees and other revenue INTL   Franchise fees and other revenue INTL Segment contribution to total sales 0.55 % of total Revenue
Advertising revenues and other services TH   Advertising revenues and other services TH Segment contribution to total sales 3.16 % of total Revenue
Advertising revenues and other services BK   Advertising revenues and other services BK Segment contribution to total sales 5.89 % of total Revenue
Advertising revenues and other services PLK   Advertising revenues and other services PLK Segment contribution to total sales 3.11 % of total Revenue
Advertising revenues and other services FHS   Advertising revenues and other services FHS Segment contribution to total sales 0.79 % of total Revenue
Advertising revenues and other services INTL   Advertising revenues and other services INTL Segment contribution to total sales 0.87 % of total Revenue
InterEliminations Royalties   InterEliminations Royalties Segment contribution to total sales -0.87 % of total Revenue
InterEliminations Advertising revenues and other services   InterEliminations Advertising revenues and other services Segment contribution to total sales -0.9 % of total Revenue
Affiliates   Affiliates Segment contribution to total sales 3.94 % of total Revenue
Affiliates Royalties   Affiliates Royalties Segment contribution to total sales 3.52 % of total Revenue
Affiliates Franchise fees and other revenue   Affiliates Franchise fees and other revenue Segment contribution to total sales 0.16 % of total Revenue
Affiliates Property revenues   Affiliates Property revenues Segment contribution to total sales 0.01 % of total Revenue
Advertising revenues   Advertising revenues Segment contribution to total sales 12.9 % of total Revenue
Affiliates Advertising revenues   Affiliates Advertising revenues Segment contribution to total sales 0.06 % of total Revenue
Affiliates Sales   Affiliates Sales Segment contribution to total sales 0.19 % of total Revenue


Twelve months ended 2025
QSP s Annual Revenue by Geography and Business Segments Sales
(in millions $)
%
(of total Sales)
United States 4,557.00 48.3 %
Canada 3,846.00 40.77 %
Total 9,434.00 100 %
TH 4,247.00 45.02 %
BK 1,514.00 16.05 %
PLK 800.00 8.48 %
FHS 232.00 2.46 %
INTL 998.00 10.58 %
RH 1,840.00 19.5 %
InterEliminations -30.00 -0.32 %
InterEliminations BK 197.00 2.09 %
Other 1,031.00 10.93 %
Product Supply chain sales 2,909.00 30.84 %
Product Company restaurant sales 2,348.00 24.89 %
Royalties 1,977.00 20.96 %
Franchise fees and other revenue 151.00 1.6 %
Advertising revenues and other services 1,217.00 12.9 %
Product Supply chain sales TH 2,909.00 30.84 %
Product Company restaurant sales TH 46.00 0.49 %
Product Company restaurant sales BK 235.00 2.49 %
Product Company restaurant sales PLK 183.00 1.94 %
Product Company restaurant sales FHS 45.00 0.48 %
Product Company restaurant sales RH 1,840.00 19.5 %
Royalties TH 339.00 3.59 %
Royalties BK 489.00 5.18 %
Royalties PLK 294.00 3.12 %
Royalties FHS 76.00 0.81 %
Royalties INTL 862.00 9.14 %
Franchise fees and other revenue TH 29.00 0.31 %
Franchise fees and other revenue BK 16.00 0.17 %
Franchise fees and other revenue PLK 16.00 0.17 %
Franchise fees and other revenue FHS 37.00 0.39 %
Franchise fees and other revenue INTL 52.00 0.55 %
Advertising revenues and other services TH 298.00 3.16 %
Advertising revenues and other services BK 556.00 5.89 %
Advertising revenues and other services PLK 293.00 3.11 %
Advertising revenues and other services FHS 75.00 0.79 %
Advertising revenues and other services INTL 82.00 0.87 %
InterEliminations Royalties -82.00 -0.87 %
InterEliminations Advertising revenues and other services -85.00 -0.9 %
Affiliates 372.00 3.94 %
Affiliates Royalties 332.00 3.52 %
Affiliates Franchise fees and other revenue 15.00 0.16 %
Affiliates Property revenues 1.00 0.01 %
Advertising revenues 1,217.00 12.9 %
Affiliates Advertising revenues 6.00 0.06 %
Affiliates Sales 18.00 0.19 %


Twelve months ended 2025
QSP s Annual Income by Country and Business Segments Income
(in millions $)
%
(Profit Margin)
Total 1,075.00 11.39 %

Twelve months ended 2025
Annual Revenue and Income Growth by Country and Business Segments % Y/Y Sales Growth % Y/Y Income Growth
United States 20.46 % -
Canada 4.4 % -
Total 12.23 % -25.61 %
TH 5.12 % -
BK 4.41 % -
PLK 4.17 % -
FHS 8.41 % -
INTL 6.74 % -
RH 64.87 % -
InterEliminations - -
InterEliminations BK 68.38 % -
Other 9.8 % -
Product Supply chain sales 7.42 % -
Product Company restaurant sales 47.49 % -
Royalties 1.91 % -
Franchise fees and other revenue 6.34 % -
Advertising revenues and other services 2.53 % -
Product Supply chain sales TH 7.42 % -
Product Company restaurant sales TH 2.22 % -
Product Company restaurant sales BK -2.89 % -
Product Company restaurant sales PLK 23.65 % -
Product Company restaurant sales FHS 9.76 % -
Product Company restaurant sales RH 64.87 % -
Royalties TH 2.11 % -
Royalties BK 1.03 % -
Royalties PLK -2 % -
Royalties FHS 7.04 % -
Royalties INTL 7.35 % -
Franchise fees and other revenue TH -9.38 % -
Franchise fees and other revenue BK -5.88 % -
Franchise fees and other revenue PLK 45.45 % -
Franchise fees and other revenue FHS 8.82 % -
Franchise fees and other revenue INTL 8.33 % -
Advertising revenues and other services TH -1 % -
Advertising revenues and other services BK 13.93 % -
Advertising revenues and other services PLK -0.68 % -
Advertising revenues and other services FHS 10.29 % -
Advertising revenues and other services INTL 0 % -
InterEliminations Royalties - -
InterEliminations Advertising revenues and other services - -
Affiliates -18.42 % -
Affiliates Royalties -10.03 % -
Affiliates Franchise fees and other revenue -28.57 % -
Affiliates Property revenues -92.31 % -
Advertising revenues 2.53 % -
Affiliates Advertising revenues -83.33 % -
Affiliates Sales 5.88 % -
Canadian - -
Interrevenues - -
Interrevenues BK - -
Interrevenues Royalties - -
Interrevenues Advertising revenues and other services - -



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