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RBI 2024: 32,000+ Stores Across Four Brands; China Its 8th-Largest International Market

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Original publication date
Feb 12, 2025
Archive status
Historical archive
Original source
FoodBud WeChat archive
Original publication source
FoodBud WeChat source (opens in new tab)
This is an English adaptation of a FoodBud historical article originally published on February 12, 2025.

For operators tracking global franchise footprints, RBI's 2024 store distribution shows a 32,000-store, four-brand portfolio where Burger King dominates and China sits eighth internationally.

2024 financials

RBI's system-wide sales reached USD 44.476 billion, up 5.4%, led by Popeyes (+11.0%); Burger King USD 11.484 billion (+0.1%), Firehouse Subs USD 123 million (+2.7%), international USD 1.816 billion (+6.3%). Net profit fell 15.9% to USD 1.445 billion on higher taxes and costs; Tim Hortons growth slowed to +3.2%.

Store distribution (32,125 stores)

By brand: Burger King 19,732 (61.4%), Tim Hortons 6,043 (18.8%), Popeyes 4,979 (15.5%), Firehouse Subs 1,371 (4.3%).

By market:

  • US is largest at 11,735 stores (36.5%): Burger King 6,701, Popeyes 3,148 (63% of the brand), Firehouse 1,233 (90% of the brand), Tim Hortons 653.
  • Canada 4,751, anchored by Tim Hortons 3,886 (64% of the brand).
  • China 2,300: Burger King 1,474, Tim Hortons 815, Popeyes 10. Other notable markets: Brazil 1,063 (BK 970), Germany 753 (all BK), Mexico 643, Saudi Arabia 414, UK 715, India 605.

Brand trends: Burger King is the largest and most international; Tim Hortons is North America-centric but expanding in China (815); Popeyes is growing fastest, pushing into Europe, the Middle East and Asia; Firehouse Subs remains US-concentrated.

International top-10 and the China read

The top-10 international markets contribute ~60% of international system sales, with Burger King leading all of them. France, Spain and Germany are the largest, but Australia has the highest average restaurant sales. The operator-relevant signal: China has the most international BK stores (1,474) but the lowest average unit sales (~RMB 2.88M) — a profitability gap the article ties to siting and menu localization, and the backdrop to RBI's separate move to buy out and re-partner Burger King China. Asia (China, Korea) is framed as still in a growth phase with expansion headroom. (Some per-market store sub-totals in the source are internally inconsistent; brand totals are as reported.)