---
schema_version: "secwatch.filing_event.v1"
accession: "0001618755-24-000013"
form_type: "8-K"
ticker: "RSTRF"
cik: "0001618755"
company_name: "Restaurant Brands International Limited Partnership"
filed_at: "2024-02-13T23:59:59+00:00"
generated_at: "2026-06-06T03:25:52.629691+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# RBI reports Q4 2023: system-wide sales +9.6%, adj. diluted EPS $0.75 (+4%)

## Summary
- Full-year 2023 system-wide sales grew 12.2% to $42.9B; Q4 comparable sales +5.8% led by Tim Hortons Canada +8.4% and BK US +6.3%.
- Adjusted diluted EPS $3.24 vs $3.14 in 2022; Q4 adjusted EPS $0.75 vs $0.72.
- Home market franchisee profitability averaged +30% YoY: TH Canada C$280K (vs C$220K), BK US $205K (vs $140K).
- Global digital sales reached $14B in 2023 (>1/3 of system-wide sales), up 20% YoY; $1.5B returned to shareholders.
- Net leverage (adjusted EBITDA) improved to 4.8x from 5.1x; operating income $2.05B (+8%).

## SEC filing metadata
- accession: 0001618755-24-000013
- form_type: 8-K
- ticker: RSTRF
- cik: 0001618755
- company_name: Restaurant Brands International Limited Partnership
- filed_at: 2024-02-13T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1618755/000161875524000013/0001618755-24-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1618755/000161875524000013/qsr-20240213.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001618755-24-000013
- JSON: https://secwatch.observer/filing/0001618755-24-000013.json
- Plain text: https://secwatch.observer/filing/0001618755-24-000013.txt

## Key facts
- Earnings Releases
  Restaurant Brands International Limited Partnership reported financial results for the full year and fourth quarter ended December 31, 2023.
  - Period: the full year and fourth quarter ended December 31, 2023
  - Result: reported results
  source text: Restaurant Brands International Inc. Reports Full Year and Fourth Quarter 2023 Results
  evidence_url: https://www.sec.gov/Archives/edgar/data/1618755/000161875524000013/0001618755-24-000013-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.