today. Good thank joining you morning, everyone, for and us
traveling with successful dedicated begin years execute excellence. with convenience and thing restaurants of our the third Nova I'm the world franchisees our of I quality, Australia clear, connecting countless visit, members, of we this service built all the X incredibly in Across restaurants Scotia, one and visiting from the team Japan has remained fundamentals role, and As guests. every my year proud across foundations spent and strong businesses. past to I've
and of these X.X%, and us we global encounter QSR grew sales from XXXX, most net on the perspective. comparable X.X%; focus provide better fundamentals both sales peers outperform In bottom by guests while system-wide even X.X%. on our challenges, for our experiences restaurants, line top XXXX, Reflecting our line enabled and to we delivering
top operating a cost with performance, growth. organic management drove model, significant and line leverage in income coupled X% and Our operating disciplined resulted strong business adjusted
Our beverages. like This guests our King we sub at the Michelin Thanksgiving Firehouse. Best Burger innovations U.S. collaboration brands food menu from hits with continue their at the seasonal King high-quality Burger delighted Star Walker with King chef Wednesday's stand to for to and in Spain out year, to exciting and a at
and operations are team our coffee and Quality By extends menu App & and and delivering It's the restaurant like Walker experience. beyond breakfast and training also execution Popeye Burger strengthening King product great member in elevating satisfaction and Chicken, we Tim's Stone equipment, restaurant enhancing ingredients. guest offerings across about a sandwiches. upgrading flagship
our XXXX, we stronger, key training Popeyes to to world Canada improved commitment wait across talent our businesses, portfolios home we transitioning for core to businesses X accuracy, looking to we Tims RBI brands hospitality. service brand our industry fundamentals, fast XXX operators. and the for and the geographies. as capabilities driver are excellence by times convenience, their grow reduced seamless and drive-through order our reinforced all Way delivering focus. remains to improved access more franchise engaged brands around a Expanding guests interactions. facilitate underperforming and elevate to to Tims preferred In symposium hosted times This year, solidifying for already grow satisfaction. combinations on and franchisees remarkably product careers looking U.S. And across quality, grew all and for in market these experience a By guest digital their
Subs opportunities. market Portugal is [indiscernible] examples a all and with Popeye We its Spain, Firehouse of and Popeye offering to in adding business who Tim high-quality King and global that have these X benefiting King already Jimenez, our grown helped system-wide at infrastructure nearly business From to include a to billion now products to Spain, that Spain Canada, Gregorio opportunity talent. now franchisees sales guests $X in worldwide, the have on RBI's strong Brazil grow Our uriMaranda, to while launching Firehouse who King and expanding business many brands, resonate in from who've their built business franchisees invest into in [indiscernible] Burger Manitoba capitalizing growing later Burger or Hortons thriving Subs.
It's X remains progress We're commitment franchisees sharing continue feel we profitability be success. their this made. franchisees' to and we've home brands Supporting average good in to by accountable our our years profitability X why into to the foundational restaurant markets. our across about
dynamics Firehouse from marking X-wall XXXX, substantial the step $XXX,XXX, remained XXX,XXX, prior at subsandwich increased sales years year. $XXX,XXX. just a $XXX,XXX a saw Subs up improvement stable Tims Burger X average over U.S. in and exceeded over U.S. ago. Popeye's summer CAD $XXX,XXX from broader For the King approximately just $XX,XXX, And from EBITDA to Canada fall. category largely And due to to back at
at we're King we're XXXX. Popeyes, growth Firehouse pleased Overall, and with return we working and in improvements to the to Tim's very delivered and Burger at
that alike. franchisees for its value and to and year of organic on service While XXXX plus positioning their adjusted growth. to Together, XXXX our resilient, challenges, while franchisees and income teams remain businesses and RBI its our shareholders building quality, brands had delivering long-term thrive success X% convenience, be we're our guests, for and focused operating and another meaningful
for time. on billion average. significantly With Tim comparable major sales which Hortons starting in peers grew the that, X.X%, in XXXX our X.X% declined a in Canada into delivered Tim highlights, outpacing second Hortons. surpassed market, strong performance Tims let's now move first AOI with and $X
daypart impressive in an sales, achievement growth, share driven XXth way Growth Tims market Tim's Canada delivered the in get quality by outperforming by team's great guests a in which sales, the primarily hot was offering a it of QX an increase physical outpaced with given consecutive overall our the best single-digit and X.X% highlights breakfast food growth sandwich positive on industry, offer. extension high providing success reps, and breakfast to at comparable $X beverages QX, digital traffic, having in and and including For fueled again delivering flat. of and morning exceptional done, price, Canada leading its sandwiches This restaurant was relatively quarter owners position. engaged convenience. traffic its Axle focus
flavors the launch our recent at Flatbread the built keeps Our preferences. continued and launch freshly success we pizzas of our on the platforms eggs of April in PM, guest anytime our our the the including side of throughout morning innovation, Canadian cracked presence scrambled us pizzas expanding In with of innovating loaded We're PM increasing forefront support for snackers in day and Tim's ovens. bearings over and families. during excited goal delivered restaurants leverage of our quarter. X% Flatbread with growth Foods the and that keep new appeal Main to new our
and restaurants are like caps, beverages, ice our Meanwhile, strategic early growth categories preferences. while Warmer-than-average new and cold [indiscernible] XXX currently espresso lineup promising machines, temperatures guest in showing our in meet leadership beverage delicious over continues also evolving beverages. about potential. We're which into QX tested to are brews our being from results of expanding to cold contributed growth espresso-based cold X%
average Our Tims and in car consecutive Tim's year-over-year morning operations XX of drive-through America. of satisfaction, excellence. solidifies and QX one and eighth the window. focus team's are on quarter fastest The and to North about enhancing which boosting marked improvements as seconds service sales. consistent This of guest weekday throughput concepts at speed the drive-through team committed per restaurant now average operational owners times, driving
every estimate of second per restaurant. one We drive-through $XX,XXX reduction translates time to in approximately annual sales incremental
very we're regions unit and like in to supported owners areas. for rural Western front, development excited unit growth restaurant to expand, looking to return in Canada economics and underpenetrated positive net the On by Canada XXXX, especially compelling in ambitious
for owners love. Cookie Tims' Tim pillar remain Tims our Horton's Smile nearly Holiday local times XX million helped in incredibly Canada growing CAD strength camps, XXXX, marketing, nearly the and for I'm our our owners, brand deliver continue our for confident excellence restaurant strong brands Horns will outperformance. value million traffic, QX. owners. and deep Tims Tim I'm charities of industry was proud one and innovative profitably proposition, a its which in operational brand restaurant With to raise restaurant And XXXX. XX and only its it dedicated CAD and our #X team remains of X% community we're love, doing positive Foundation consistently including from growth up In owners. of restaurant key sales
saw peers. as and in performance closing Brazil, international approximately grew execution. achieved markets. In markets, X.X% pressures XX% our temporary about XX,XXX engine, compelling solid geopolitical U.K. headwinds growth as Shifting closures We which growth certain the restaurant many of thanks well-executed in net great X.X%, system-wide calendar and including We from well top in business X.X%, continues with global over initiatives, over value of the our feel by including $XX offerings growth sales, which to our restaurants level a restaurant of in fourth to despite We the the of growth Australia, versus BK core was relative be to driven quarter. year Spain, largest XX net in China. markets good comparable our now XXXX, billion international strong very international, sales and
a details the optimistic provide BK a While on have financial we will resolution business Sami update on relatively don't have China we'll we're and today, with shortly. an soon, you few
stemmed slowdown development lower restaurant like ARS China, from was impact sales the markets minor. on of average most since sales the system-wide Importantly, or overall
system-wide we result, sales growth full XX%. year a As delivered of
such over King ahead, growing shine, ago, energy France and his $X.X million little Australia. steady $X.X delivering Spain Looking each on and a U.K., strong million to restaurant and year, efforts X in Popeyes team expansion from the continues in restaurants. highest its up those reached million, Italy, and XXXX. concentrating at a are XX% million year-on-year team in alongside nearly XX% ARS Europe Burger ARS Western ARS Australia of $X.X years King XXX markets, XX momentum, $X.X to this our surpassed and opened which nearly ARS $X in Burger our units XXXX. posting Tiago ARS, Hungary continues Jackson contributors nearly across remains Meanwhile, its million with as
know it's markets continue India in China. with important like space to growing white also and We enormous opportunities
markets players in not QSR the that laying we to are yet RBI the major these world's AOI, are of While drivers strong foundation the markets brands future. largest become in ensure
Tim Additionally, expansion will be Hortons international catalyst a Firehouse for unit markets into Subs long-term and Popeyes, continued of new our growth.
to that markets, Popeyes from to new more and success nearly building showcases year, on clear sales launched XXXX, years which the XXXX. this locations to more in in we've with X,XXX The robust XX% And This driven such brand's high-quality partnerships business remarkable AOI. incredible We've Italy in just today. master brand by and delicious, than RBI in strong XXX to and the our roughly resonate acquiring Louisiana franchisees, Popeyes Since international as will in restaurants system-wide XX strong including New guests we sales grown Zealand, see chicken brought Popeyes over world. Rica Italy. around Costa growth, from momentum. growth Spain its recently around It's delivering XXX nearly prior we keep as system-wide $X.X billion. sales the million growth $XXX is year, from system-wide And to authentic the with X flavors Iberia, contribution our expanded XX% in
comparable improved a featuring the for a Whopper as to grew Burger that have and operational were Burger and reclaiming offerings menu with investing his value Family great franchisees year's Canada, X% emphasizing $X major Whopper outperformed and In brand reinforced food and X.X% menu King experience. increase. create a which dedicated U.S. innovation increase at Addams excellence long-term By success. menu in welcoming the team the initiatives, guests campaign are high-quality in milk U.S. sales the price. million compelling modern up plan guests the providing and innovation, Tom, following XXXX. QSR [ the quarter, the Recent overall now burger platform restaurants executing and our ] setting such Wednesday's fourth and X.X% in in multiyear solid peers exciting achievement last Turning the sales, King comparable
to This menu into our EBITDA In we'll of of operational ongoing differentiators through leaning raise most with our than compelling key the of A attracting $XXX,XXX. efforts we excellence. remains That's brand X-wall excellence consistency the of level at average. who For continue average higher franchisees the our franchisees vision system dedicated and pillar XXXX, our operators while metrics our excellence and for renovation on a quality have it a our out of share growing our business. It the corporate Operational operators one demonstrates as healthy over achieved flame it XXXX, grilling of direct the can operational key reinforces running disengaged the XX% and share strategy. improvements. bar, way, Whopper enhancing also impact transitioning and the system and is
They of Burger guests the I January, acquiring of King assets. restaurants franchise over XX mentality average meet success excellence, delivered why their A. is Since impressive franchisee restaurant the Kaufman. training had an in on to In John score recent success excited operational and is to restaurant's operators, their and an underperforming increase doubled such their modernizing Their store XXXX an average. XX to and they've on X we're region. members, a They instilling dedicated improving their with be EBITDA their portfolio, restaurants Foley exemplify more franchisee, North powerful Carolina the opportunity in in strong fundamentals, with a hands their culture from sales engaging from team an built first acquiring Tim more executing the XX% in and which operators, than the X-wall Carolina $XXX,XXX how expansion, per from in D transformed about about underperforming another can right
key another Modern image is our driver of success.
trip beautiful restaurants Carolina, to these and excited inspire newly with they operation our restaurants King toured inviting Burger the stunning. are my both see restaurants and Burger in families guests and King, truly Carol modern with today, thrilled opened I and and franchisees Sizzle During X restaurants, These with about future showcase North guests of results mind. our will experience. XX early how With a transformed to well-designed Sizzles in we're the
image. the restaurants, system we XX Burger remodels, strong. modern the to In commitment to Carrols very XX% system bringing XXXX, King XXX including modernizing remains Our completed about
control been deliver now, for sales net have We stronger continue uplift more they that of have and months remodels about open profitability. average of X XXX X even than improvements franchisee in year an to mid-teens and
modern modern As in track pace plus we've you, made image At and will with Carrols, we're image on further previously this King's Burger progress by XX% strengthen confident our remodels by position of are XXXX, the towards we shared reach industry. transformation in XXXX. to we accelerating
refranchising plan Additionally, work initiated our locations X XXXX expect to to efforts beyond. in refranchising in we've begin of and select and original XXXX, years accelerate ahead
is its to restaurant continued for drive Burger on confident sustainable, strong a to recent focus innovation As in success. long-term King and we excellence, position the on look menu With in a ahead, franchisees. for our a are operational strong our build growth brand and modernized ability returns image, we
by to its net In XXXX, increase now X.X%, grew X.X% in Turning driving system-wide trajectory continued sales. growth Popeyes. Popeyes restaurants and a
category QX, $X box year. have this While softer in us helping protein results our QSR would liked, guests share top modestly line in chicken within our big and than $X X to came value only for we the resonated meal expand with offering
team Over an support sales Easy X initial to to This X their with strategic announce closely XX% years higher thresholds. and April, amendment through We're alignment working X.X% to our our to profitability to restaurant restaurants X, X% the to with advertising Love step-up to increased test several past amend Love committed national certain in image. X.X% meeting beginning by Easy roughly in initiatives and on this investment been few restaurants commits to a media rates from Popeyes year to plan over subject year unified participating up our excited agreement, have franchise plan. drive quarters, franchisees on to of Jeff resulting that and
modern all The of the will schedule enjoy image most also XXXX, guests will by system restaurants feature our by which updated beautiful a locations. ensuring across remodel establishes amendment
franchisees per advertising As of credit will increased offset restaurant this part to $XX.X the a commitment, Popeyes. a in investment million participating resulting receive $X,XXX from X royalty investment, year
and providing alignment Taken together, our impactful greater delivering franchisees. the supports flexibility amendment image messaging, and modern achieving to commitment for our brand
production Meanwhile, and equipment Easy Popeyes line. standardizes kitchen a initiative, with processes, and our introduces technology operations we're to which Run simplifying advancing new and new the enhances experience
testing Popeyes are order-ready and the the culinary is Louisiana printers, to locations the drop equipment, label feature to U.S. brand's systems, kiosks locations, auto quality. boards XXX these of our makers order of food batter updates improved times months By XX our back-of-house charts, Following digital point-of-sale including in preserving upgrades XXXX, and and upgraded cloud-based rolling begin we member end heritage goal holding units. while system-wide. across experience, all These excited out accuracy, hot reduce the all sticky for improve team wait unique enhance and
they implement upgraded during to new their restaurants Franchisees choose can also as or the next the equipment remodel. line production adopt
visit to embraced operators these a improvements markets and Orlando to Run, who already Easy delivering are gains. I During are notable hub recent how for Houston, performance firsthand have saw which
We also been Access the a raising remain bar for franchisee development restaurant experience. initiative delivers committed guest to great new every new to Popeyes that our so Easy and have
to focus standards restaurants Canada. remained of still our a and fastest-growing drive-through While on there's the development, led slowdown we in slight QSR the heightened freestanding chicken and amongst operational over in XXXX concepts XXX U.S. in opened pace
we innovations As this ahead, we to average uphold new strong format that on enhance optimize build unit look through volumes. build and costs momentum convenience, plan
position and these strategic franchisee are drive well alignment into will future. Popeyes' priorities confident We our sustainable and strengthen competitive the growth
the an with on subs U.S. Firehouse Canada. and update in close I'll
dip such innovations as quarter. Canada. introduction by hot as in strong our of QX, for delicious successful comparable bar sub flat Thanksgiving sandwich saw While broader soft challenges of about driven well sales full X in X% U.S. we as the about comparable sales QX, our launch This French year and menu sequential subs in points resulting the performance of declined was category due in the to improvement and
programs, of now including are several investments away arrangements moving acceleration real side, years net year developer restaurant targeted our doubled to after legacy over This net and from the opened than seeing important new restaurant On restaurants and foundational last laying incentive and X% growth. development development introducing X% growth area XX groundwork, net in development team year, the across and Canada in Mike more U.S. team XXXX. from we
guests is development even Subs America confidence year our in even our on continue building another for XXXX this bringing expansion. pipeline reinforcing ahead, accelerated in more Firehouse and North success of Looking stronger, We're years the excited to across ahead. delivering to
Sami results. hand you With to financial over through I'll that, it our walk to
