secwatch.observer — SEC 8-K summary
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Issuer:     Restaurant Brands International Inc. (QSR)
CIK:        0001618756
Form:       8-K
Filed at:   2023-02-14T23:59:59+00:00
Accession:  0001618756-23-000007
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RBI reports Q4 system-wide sales +12%, adj. EBITDA $2.38B; appoints Joshua Kobza CEO effective March 1
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- Q4 consolidated comparable sales +7.9%; Tim Hortons Canada +11%, Burger King Intl +8.4%.
- Full-year net restaurant growth 4.3% (1,266 net new units); Popeyes had strongest development year since acquisition.
- Full-year adjusted diluted EPS $3.14 (vs $2.82 prior); adjusted EBITDA $2.378B (+7.5% organic).
- Digital sales surpassed $13.5B in 2022, over one-third of system-wide sales, up >30% YoY.
- Joshua Kobza appointed CEO (effective March 1, 2023); CEO José Cil to remain as advisor for one year.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1618756/000161875623000007/0001618756-23-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1618756/000161875623000007/qsr-20230214.htm
  HTML page:      https://secwatch.observer/filing/0001618756-23-000007

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer