Highest-materiality recent filing
RBI to repurchase 2.78M Class B exchangeable units for cash on Aug 31, 2026
3G affiliate RBH exchanged 2,784,549 Class B exchangeable units of RBI LP; irrevocable notice.
RBI Q2 2026: system-wide sales +6.4%, comparable sales +3.8%, adj. EPS $1.07, returns $435M
System-wide sales $12.7B, +6.4% YoY; comparable sales +3.8% (BK US +8.5%, International +5.5%).
RBI shareholders reelect all 10 directors; say-on-pay proposal passes; KPMG ratified
All 10 director nominees elected with >386 million votes for each; broker non-votes ~5.5 million.
RBI Q1 2026: system-wide sales +6.2%; adj. EPS $0.86; resumes buybacks
System-wide sales +6.2% YoY to $11,510M; comparable sales +3.2% (BK US +5.8%, International +5.7%).
RBI Q4/FY2025: organic AOI growth 8.3%, Adj EPS $3.69, comparable sales +3.1% in Q4
Q4 system-wide sales growth 5.8% constant currency; FY 5.3%. Comparable sales +3.1% Q4, +2.4% FY.
3G Capital affiliate to sell up to 17.6M QSR shares at $68.72 in secondary offering
HL1 17 LP (3G affiliate) exchanges 17,626,570 Class B units for common shares; RBI will not receive any proceeds.
RBI forms Burger King China JV with CPE; takes $150M impairment charge
CPE invests $350M for ~83% stake; RBI retains ~17% and a board seat.
Restaurant Brands Q3 2025: system-wide sales +6.9%, comparable sales +4.0%, Adj. EPS $1.03
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%.
RBI reports Q2 adj EPS $0.94 (+9.2% YoY); system sales +5.3%
Consolidated system-wide sales $11.85B, up 5.3% YoY; comparable sales +2.4%.
RBI shareholders elect all 10 directors, reject three proposals at annual meeting
All ten director nominees elected with majority support; highest votes for Maximilien de Limburg Stirum (394.5M votes for).
RBI Q1 2025: comparable sales +0.1%, operating income falls 20%, FY outlook maintained
System-wide sales growth slowed to 2.8% YoY ($10.5B); global comparable sales +0.1%, ~1% excluding Leap Day.
RBI publishes 2024 ESG report; no financial updates or guidance change.
Report covers four pillars: Food, Planet, People & Communities, and Appendix.
RBI acquires ~100% of Burger King China for $158M; will seek new local partner
Paid $158M cash to TFI and Cartesian for all equity interests in Burger King China joint venture.
RBI Q4 2024: comparable sales up 2.5%, adjusted EPS $0.81, declares $2.48 dividend for 2025
Global system-wide sales +5.6% in Q4; comparable sales +2.5%, led by INTL segment at +4.7%.
RBI Q3 2024: comparable sales +0.3%, adj. operating income +6.1% organically
Consolidated system-wide sales $11.4B (+3.2% YoY); net restaurant count +3.8% to 31,525.
Restaurant Brands issues $500M 5.625% notes due 2029 to redeem $500M 5.75% notes due 2025
Issued $500M first lien senior secured notes at 5.625%, maturing Sept 15, 2029.
RBI subsidiary issues $500M 5.625% senior secured notes due 2029 to redeem 2025 notes
$500M aggregate principal of 5.625% First Lien Senior Secured Notes due 2029 priced on September 3, 2024.
3G affiliate to sell up to 6.53M RBI common shares at $68.31 via forward sale
HL1 17 LP (3G affiliate) registered secondary offering of up to 6,528,013 common shares at $68.31 per share.
RBI Q2 2024: EPS $0.88, adjusted EPS $0.86, comparable sales +1.9%, system-wide sales +5.0%
Net income $399M vs $351M prior year; income from operations $663M vs $554M.
Restaurant Brands issues $1.2B 6.125% notes due 2029, reprices Term Loan B to SOFR+1.75%
Issued $1.2B aggregate principal of 6.125% First Lien Senior Secured Notes due June 15, 2029.
RBI prices $1.2B 6.125% notes due 2029, reprices term loan to SOFR+1.75%
Issued $1.2B in 6.125% senior secured notes due 2029, upsized from $1B launch.
Directors elected with votes ranging from 367M to 394M 'for'; broker non-votes 6.1M per nominee.
RBI completes $1.0B acquisition of Carrols Restaurant Group, largest BK franchisee
Completed all-cash acquisition of Carrols for $9.55/share, ~$1.0B enterprise value.
RBI Q1 2024: comparable sales +4.6%, operating income $544M (+22%), EPS $0.72 vs $0.61
Consolidated system-wide sales up 8.1% to $10.5B; net restaurant growth 3.9%.
RBI appoints Sami Siddiqui as CFO; Matthew Dunnigan separates with $685K severance
Sami Siddiqui appointed CFO effective March 14, 2024, succeeding Matthew Dunnigan.
Sami Siddiqui succeeds Matt Dunnigan as CFO; salary increased to $685k from $625k, bonus target unchanged at 130%.
RBI Q4/FY2023: System sales +12.2%, digital $14B, franchisee profitability +30% YoY
FY2023 revenue $7,022M (+8% YoY); net income $1,718M; diluted EPS $3.76 vs $3.25 prior year.
RBI revises segments to TH, BK, PLK, FHS, INTL; shifts segment income metric to AOI
New five reportable segments: Tim Hortons, Burger King, Popeyes, Firehouse Subs, and International.
RBI adds New Holdings and Intermediate Holdings as guarantors under credit facility and indentures
Eighth Amendment to Credit Agreement joins New Holdings and Intermediate Holdings as Parent Guarantors.
RBI Q3 2023: Net income $364M ($0.79 EPS) down vs $530M; Adj. EPS $0.90
Consolidated comparable sales up 7.0% driven by TH Canada 8.1%, BK International 7.6%, BK US 6.6%.
RBI amends credit agreement: revolver +$250M, term loans extended, rates adjusted
Revolving facility increased to $1.25B (from $1.0B) and maturity extended to Sept 2028.
RBI posts investor presentation on international businesses
Company conducting investor meetings to provide international business overview.
HL1 17 LP (3G affiliate) to exchange 7,136,149 exchangeable units for common shares, then sell via forward agreement.
Consolidated comparable sales +9.6%, system-wide sales +14% YoY to $10.95B.
All 10 director nominees elected; highest 'for' votes over 387M for de Limburg Stirum and Sweeney.
RBI Q1 2023: comparable sales +10.3%, adj EPS $0.75 vs $0.64 prior year
Consolidated comparable sales +10.3%, led by Tim Hortons (+13.8%) and BK (+10.8%).
3G Capital affiliate sells 2.2M RBI common shares at $63.99 in secondary offering
Selling shareholder HL1 17 LP (3G Capital affiliate) to sell 2,213,851 common shares at $63.99 each.
Q4 consolidated comparable sales +7.9%; Tim Hortons Canada +11%, Burger King Intl +8.4%.
Neil Golden and John Prato resigned from board effective Dec 31, 2022; no disagreements.
Doyle appointed Executive Chairman effective Nov 16, 2022; to join Board in Jan 2023.
RBI Q3 2022: Net income $530M ($1.17 EPS), adj EPS $0.96, revenue $1.73B
Consolidated comparable sales +9.1% YoY; system-wide sales +14% to $10.4B.
RBI Q2 2022: consolidated comparable sales +9%, adj EPS $0.82 vs $0.77 YoY, revenue $1.64B
Global system-wide sales over $10B, up 14% YoY; digital sales $3B (33% of total).
RBI shareholders elect 12 directors, approve say-on-pay, reject labor proposal
All 12 director nominees elected; Alexandre Behring received 356.6M for, 27.6M withheld.
RBI Q1 2022: system-wide sales +13.7%, comp sales +8%, adj EPS $0.64
System-wide sales grew 13.7% to $9.0B; global comparable sales +8% driven by Tim Hortons Canada >10% and BK International >20%.
RBI Q4 adj. EPS $0.74; system-wide sales +13.8%; digital sales $10B; Firehouse Subs acquired
FY 2021 diluted EPS $2.69 vs $1.60; adjusted diluted EPS $2.82 vs $2.03.
Firehouse Subs Q4 2021 global system-wide sales $273M, +18.1% YoY; U.S. comp sales +15.2%.
RBI board director Carlos Sicupira resigns; Thecla Sweeney appointed as independent director
Director Carlos Sicupira resigns effective Dec 31, 2021 after over a decade of service.
Acquisition of Firehouse Restaurant Group completed for $1.0 billion, adding Firehouse Subs brand.
RBI acquires Firehouse Subs for $1.0B all-cash; deal expected to close in coming months
Deal valued at $1.0B; RBI plans to fund via cash on hand and debt.
RBI Q3 2021: revenue $1.495B, adj. EPS $0.76, global system sales +11% YoY
Total revenues $1.495B, net income $328M, diluted EPS $0.70; adjusted EPS $0.76.
Mr. Dunnigan will separate from the company and will be eligible for severance benefits upon termination of employment
On March 14, 2024, Restaurant Brands International Inc. (“ RBI ” or the “ Company ”) announced that the Board has appointed Sami Siddiqui to succeed Matthew Dunnigan as Chief Financial Officer of the Company.
has appointed Thiago Santelmo to succeed David Shear as President - International, of the Company
The final terms of Mr. Dunnigan’s separation from the Company and termination of his employment are in the process of being finalized as of the date of this current report on Form 8-K.
the Board has appointed Sami Siddiqui to succeed Matthew Dunnigan as Chief Financial Officer of the Company
was notified by each of Neil Golden and John Prato that each had decided to resign from the Board of Directors (the "Board") of RBI effective December 31, 2022.
appointed J. Patrick Doyle and Cristina Farjallat to the Board to fill the vacancies created by the resignations of Messrs. Golden and Prato, and appointed Mr. Doyle as Executive Chair of the Board.
appointed J. Patrick Doyle and Cristina Farjallat to the Board to fill the vacancies created by the resignations of Messrs. Golden and Prato
was notified by each of Neil Golden and John Prato that each had decided to resign from the Board of Directors (the "Board") of RBI effective December 31, 2022.
On November 16, 2022, RBI announced that the Board of Directors of RBI appointed J. Patrick Doyle to become Executive Chairman of RBI.
appointed Thecla Sweeney to the Board to fill the vacancy created by Mr. Sicupira’s resignation, effective January 1, 2022.
was notified by Carlos Sicupira on December 13, 2021 that he had decided to resign from the Board of Directors (the “Board”) of RBI effective December 31, 2021.
Max materiality 0.85 · Median 0.68 · Most common event earnings