Financial

May Comparable Sales Up 33.5% in North America and 7.0% Internationally, as Company Rises to Meet Extraordinary Demand

Revenue decreased 7.5% to $94.5 million from $102.1 million in the first quarter of 2019 mainly due to a decline in customer traffic resulting from COVID-19 partially offset by incremental revenue from our new restaurants opened subsequent to the first quarter of 2019.

Total Revenues decreased 3.6% to $26.2 million for the quarter

Withdraws Long-Term Guidance – Temporarily Suspends Quarterly Cash Dividend for the Quarter

Revenue and Adjusted EBITDA began the quarter with strong performances but were materially impacted by the outbreak of COVID-19 in Latin America and the Caribbean

Company Prices $200 Million Convertible Notes – Expects Sales to Strengthen As Dining Rooms Re-Open

Total revenues in the first quarter of 2020 decreased 9.4% to $108.5 million, compared to $119.7 million in the first quarter of 2019.

Total revenues decreased 11.5% to $146.7 million in the first quarter of 2019 from $165.9 million in the first quarter of 2019

Comparable restaurant sales for the Company’s Burger King® restaurants decreased 5.7% compared to a 2.4% increase in the prior year quarter, and during the last month of the quarter comparable restaurant sales decreased 16.8%

System-wide North America comparable sales increase of 5.3% – International comparable sales increase of 2.3%