Restaurant Brands International Inc

QSR: XTSE (CAN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Restaurant Brands Earnings: Burger King and International Remain Strong, but Elevated Costs Bite

Ari Felhandler

Oct 29, 2026

Restaurant Brands delivered 3.8% comparable sales growth in the third quarter, led by Burger King US (up 8.3%) and the international arm (3.9%). Segment-level adjusted operating margin, which excludes the net effect of tariff refunds and a one-time legal expense, improved 30 basis points to 29%.

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Restaurant Brands International Inc

Restaurant Brands Earnings: Burger King and International Remain Strong, but Elevated Costs Bite

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