Restaurant Brands’ total sales for the first quarter to 31 March 2023 increased to $308.6 million.

This is up $33.2 million (12.0%) over the equivalent period last year, as sales recovered from the

impacts of the 2022 COVID-19 Omicron outbreak and price increases were implemented across all

markets.

Sales growth was also supported by an additional 12 stores and stronger US and Australian dollars

over the prior year.

Worldwide inflationary pressures continue, albeit at a lower rate. While the company continues to

implement price increases in response to these increased costs, margins remain under pressure.