secwatch.observer — SEC 8-K summary
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Issuer:     Restaurant Brands International Inc. (QSR)
CIK:        0001618756
Form:       8-K
Filed at:   2024-04-30T23:59:59+00:00
Accession:  0001618756-24-000074
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RBI Q1 2024: comparable sales +4.6%, operating income $544M (+22%), EPS $0.72 vs $0.61
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- Consolidated system-wide sales up 8.1% to $10.5B; net restaurant growth 3.9%.
- Adjusted operating income $540M (+7.7% organic); adjusted diluted EPS $0.73 (-0.9% organic).
- Segment comparable sales: TH Canada 7.5%, BK US 3.9%, PLK US 6.2%, BK International 4.2%.
- Free cash flow $122M vs $77M in prior year; adjusted EBITDA net leverage 4.8x.
- Announced $300M expanded remodel program for BK US targeting 85-90% modern image by 2028.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1618756/000161875624000074/0001618756-24-000074-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1618756/000161875624000074/qsr-20240430.htm
  HTML page:      https://secwatch.observer/filing/0001618756-24-000074

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