secwatch.observer — SEC 8-K summary
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Issuer:     Restaurant Brands International Inc. (QSR)
CIK:        0001618756
Form:       8-K
Filed at:   2024-01-08T23:59:59+00:00
Accession:  0001618756-24-000007
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RBI revises segments to TH, BK, PLK, FHS, INTL; shifts segment income metric to AOI
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- New five reportable segments: Tim Hortons, Burger King, Popeyes, Firehouse Subs, and International.
- Segment income measure changes from Adjusted EBITDA to Adjusted Operating Income (AOI) including D&A and SBC.
- 11 quarters of historical data (Q1'21–Q3'23) provided under new segment structure; no consolidated restatement.
- Q4 and full-year 2023 results under new segments to be reported on February 13, 2024.
- CEO says change gives brand leaders greater autonomy over strategic decisions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1618756/000161875624000007/0001618756-24-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1618756/000161875624000007/qsr-20240108.htm
  HTML page:      https://secwatch.observer/filing/0001618756-24-000007

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