Earnings call briefThird-quarter 2026

Restaurant Brands International says Popeyes sales recovery will take longer

The company also said it expects to refranchise a couple of hundred Burger King restaurants this year.

GetSignal Restaurant Brands International QSR

On its third-quarter call, Restaurant Brands International said it now believes Popeyes will take a little longer than previously anticipated to return to positive same-store sales. Popeyes same-store sales were negative 1.8% this quarter.

Two factors weighed on Popeyes sales, the company said: a $6 Big Box promotion brought back in September and a decision to scale back the wings offering.

Quotes from the call

“Given these dynamics, while we previously expected to return to positive same-store sales in the second half of this year, we now believe it will take a little bit longer than anticipated.”

Joshua Kobza, CEO

Key facts from the call

Popeyes same-store sales, third quarter
Negative 1.8%
Expected 2026 Burger King refranchising
A couple of hundred restaurants

All QSR call briefs

Source: Restaurant Brands International's third-quarter 2026 earnings call, October 29, 2026.

Written by GetSignal with AI from the company's earnings call.

Not investment advice.

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