secwatch.observer — SEC 8-K summary
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Issuer:     Restaurant Brands International Limited Partnership (RSTRF)
CIK:        0001618755
Form:       8-K
Filed at:   2024-02-13T23:59:59+00:00
Accession:  0001618755-24-000013
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1618755/000161875524000013/0001618755-24-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1618755/000161875524000013/qsr-20240213.htm
  HTML page:      https://secwatch.observer/filing/0001618755-24-000013

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