Restaurant Brands International Inc

QSR: XTSE (CAN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Restaurant Brands International Earnings: Global, Burger King US Buoy Sales; Shares Fairly Valued

Ari Felhandler

May 7, 2026

Restaurant Brands posted 3.2% comparable sales and 2.6% unit growth in the first quarter. Adjusted operating margin improved 130 basis points to 26.9%, driven by the renewed recognition of high-margin royalties from the Burger King China sale and a one-time boost from bad debt recoveries.

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Restaurant Brands International Inc

Restaurant Brands International Earnings: Global, Burger King US Buoy Sales; Shares Fairly Valued

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