Restaurant Brands reports record $12.6m profit

Restaurant Brands has reported a net profit after tax of $12.6 million for the six months ended June 30 2024.

This represents a significant improvement on the same period last year.

The company also achieved record group store sales of $687.2m, a 7.3% increase from 1H 2023.

Group store EBITDA reached $94.6m, up 20.8% on the previous year.

Restaurant Brands' store numbers now total 506, including 378 owned stores and 128 franchised stores.

Four new stores were opened in the first half of 2024.

The company credited its strategy, cost control measures, and operational efficiencies for the positive results.