---
schema_version: "secwatch.filing_event.v1"
accession: "0001618756-23-000055"
form_type: "8-K"
ticker: "QSR"
cik: "0001618756"
company_name: "Restaurant Brands International Inc."
filed_at: "2023-11-03T23:59:59+00:00"
generated_at: "2026-06-08T22:28:04.557205+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# RBI Q3 2023: Net income $364M ($0.79 EPS) down vs $530M; Adj. EPS $0.90

## Summary
- Consolidated comparable sales up 7.0% driven by TH Canada 8.1%, BK International 7.6%, BK US 6.6%.
- Net income $364M ($0.79 EPS) vs $530M ($1.17) prior year; Adjusted EBITDA $698M, +9.3% organically.
- Adjusted diluted EPS $0.90, down 5.6% organically from $0.96.
- Over $360M returned to shareholders in Q3; net restaurant growth 4.2% YoY.

## SEC filing metadata
- accession: 0001618756-23-000055
- form_type: 8-K
- ticker: QSR
- cik: 0001618756
- company_name: Restaurant Brands International Inc.
- filed_at: 2023-11-03T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1618756/000161875623000055/0001618756-23-000055-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1618756/000161875623000055/qsr-20231103.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001618756-23-000055
- JSON: https://secwatch.observer/filing/0001618756-23-000055.json
- Plain text: https://secwatch.observer/filing/0001618756-23-000055.txt

## Key facts
- Earnings Releases
  Restaurant Brands International Inc. reported the third quarter ended September 30, 2023 results: revenue $1,837, net income $364 million, EPS $0.79 per diluted share.
  - Period: the third quarter ended September 30, 2023
  - Revenue: $1,837
  - Net income: $364 million
  - EPS: $0.79 per diluted share
  - Result: reported results
  source text: comparable sales calculation. 2 Consolidated Financial Highlights Three Months Ended September 30, (in US$ millions, except per share data) 2023 2022 (Unaudited) Total Revenues $ 1,837 $ 1,726 Net Income $ 364 $ 530 Diluted Earnings per Share $ 0.79 $ 1.17 TH Adjusted EBITDA (1) $ 311 $ 305 BK Adjusted EBITDA (1) $ 298 $ 262 PLK Adjusted EBITDA (1) $ 75 $ 62 FHS
  evidence_url: https://www.sec.gov/Archives/edgar/data/1618756/000161875623000055/0001618756-23-000055-index.htm

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