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Restaurant Brands International LP Q3 profit climbs 14.2% YOY

Restaurant Brands International LP said its normalized net income for the third quarter came to 52 cents per share, a gain of 14.3% from 45 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $221.1 million, an increase of 14.2% from $193.6 million in the year-earlier period.

The normalized profit margin rose to 18.3% from 18.0% in the year-earlier period.

Total revenue increased 12.4% on an annual basis to $1.21 billion from $1.08 billion, and total operating expenses rose 9.2% on an annual basis to $704.8 million from $645.6 million.

Reported net income rose 5.2% from the prior-year period to $179.0 million, or 42 cents per share, from $170.1 million, or 40 cents per share.