secwatch.observer — SEC 8-K summary
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Issuer:     Restaurant Brands International Inc. (QSR)
CIK:        0001618756
Form:       8-K
Filed at:   2025-10-30T23:59:59+00:00
Accession:  0001618756-25-000297
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Restaurant Brands Q3 2025: system-wide sales +6.9%, comparable sales +4.0%, Adj. EPS $1.03
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- Q3 system-wide sales $12.28B (+6.9% YoY); comparable sales +4.0% with BK Int'l 6.4%, TH Canada 4.2%, BK US 3.2%.
- Total revenues $2.45B; income from operations $663M (+14.8% YoY); Adj. operating income $702M (+8.8% organic).
- Adj. diluted EPS $1.03 (+10.7% YoY); organic Adj. EPS growth 11.9%.
- Net leverage improved to 4.4x from 4.8x; net restaurant growth 2.8% to 32,423 units.
- Management reaffirms 2025 guidance: at least 8% organic Adjusted Operating Income growth.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1618756/000161875625000297/0001618756-25-000297-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1618756/000161875625000297/qsr-20251030.htm
  HTML page:      https://secwatch.observer/filing/0001618756-25-000297

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