secwatch.observer — SEC 8-K summary
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Issuer:     Restaurant Brands International Inc. (QSR)
CIK:        0001618756
Form:       8-K
Filed at:   2024-02-13T23:59:59+00:00
Accession:  0001618756-24-000015
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RBI Q4/FY2023: System sales +12.2%, digital $14B, franchisee profitability +30% YoY
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- FY2023 revenue $7,022M (+8% YoY); net income $1,718M; diluted EPS $3.76 vs $3.25 prior year.
- Adjusted diluted EPS $3.24 vs $3.14; adjusted operating income $2,200M (+7.5% organic).
- Q4 comparable sales +5.8% led by Tim Hortons Canada +8.4% and Burger King US +6.3%.
- Global digital sales reached $14B, over one-third of system-wide sales; $1.5B returned to shareholders.
- Home market franchisee profitability improved 30% on average; net leverage reduced to 4.8x adj. EBITDA.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1618756/000161875624000015/0001618756-24-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1618756/000161875624000015/qsr-20240213.htm
  HTML page:      https://secwatch.observer/filing/0001618756-24-000015

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