Highest-materiality recent filing
RBI receives exchange notice for 2.78M Class B units; will repurchase for cash
Exchange notice from 3G Restaurant Brands Holdings LP for 2,784,549 Class B exchangeable units.
RBI Q2 2026: BK US comparable sales +8.5%, International +5.5%, Adj. EPS $1.07
System-wide sales $12.7B, up 6.4% YoY; comparable sales +3.8% (BK US +8.5%, International +5.5%).
RBI shareholders elect all 10 director nominees, approve say-on-pay, ratify KPMG
All 10 director nominees elected with >386M votes each; broker non-votes ~5.5M.
RBI Q1: system-wide sales +6.2%, comp sales +3.2%, BK US comp +5.8%
Adjusted EPS $0.86, up 14.6% YoY; diluted EPS from continuing ops $0.97 vs $0.49.
RBI Q4 2025: system-wide sales +5.8%, comps +3.1%, organic AOI +15.6%
Q4 system-wide sales $12.1B (+5.8% constant currency); comparable sales +3.1% led by INTL (+6.1%).
3G Capital affiliate launches secondary offering of up to 17.6M RBI shares at $68.72
HL1 17 LP (3G affiliate) will sell up to 17,626,570 common shares via underwritten public offering.
CPE to invest $350M new primary capital into Burger King China JV, owning ~83%; RBI retains ~17% and a board seat.
RBI Q3 EPS $0.96, adj. EPS $1.03; comparable sales +4.0% YoY
Diluted EPS from continuing ops $0.96 vs $0.79 YoY; adjusted EPS $1.03 vs $0.93.
RBI Q2 2025: system-wide sales +5.3% to $11.85B, comparable sales +2.4%, adj. EPS $0.94 up 9.2%
Total revenues $2.41B vs $2.08B YoY; GAAP income from operations fell 27.2% to $483M.
RBI shareholders elect 10 directors, approve advisory say-on-pay, reject three shareholder proposals
All 10 director nominees elected with at least 365M votes for each; broker non-votes ~5.66M.
RBI Q1 GAAP EPS $0.49, adjusted $0.75; comparable sales flat; reaffirms 8%+ AOI growth for 2025
GAAP diluted EPS from continuing ops $0.49 vs $0.72 YoY; adjusted EPS $0.75 vs $0.73.
Restaurant Brands International files 2024 'Restaurant Brands for Good' sustainability report
Report covers Food, Planet, People & Communities, and Ethics & Human Rights.
RBI acquires Burger King China stake for $158M; to find new local partner
Acquired all equity interests in Burger King China from TFI and Cartesian for $158M all-cash.
RBI reports Q4 comparable sales +2.5%, FY 2024 income from operations up 17.9% to $2.419B
Global system-wide sales +5.6% in Q4; comparable sales +2.5% led by International +4.7% and TH Canada +2.5%.
RBI Q3 2024: consolidated comps +0.3%, adj. op. income +6.1% organically
System-wide sales +3.2% YoY to $11.4B; global comparable sales +0.3%.
RBI issues $500M 5.625% first lien notes due 2029 to refinance 2025 notes
Issued $500M aggregate principal of 5.625% First Lien Senior Secured Notes due September 15, 2029.
RBI subsidiary prices $500M 5.625% senior secured notes due 2029 to refinance 2025 notes
Issuers priced $500M aggregate principal of 5.625% First Lien Senior Secured Notes due 2029 on Sept. 3, 2024.
3G Capital affiliate to sell up to 6.53M RBI common shares in secondary offering at $68.31
HL1 17 LP (3G affiliate) offered 6,528,013 common shares at $68.31 via forward sale with BofA Securities.
RBI Q2 2024 comp sales +1.9%, adj. EPS $0.86 (+3.1% organic), net income $399M
Net income $399M, diluted EPS $0.88 vs $0.77 prior year; adjusted diluted EPS $0.86 (+3.1% organic).
RBI subsidiary issues $1.2B 6.125% senior secured notes due 2029; reprices Term Loan B
Issued $1,200M aggregate principal of 6.125% First Lien Senior Secured Notes due June 15, 2029.
RBI issues $1.2B 6.125% senior notes due 2029, reprises term loan B to SOFR+1.75%
$1.2B of 6.125% first lien senior secured notes due 2029, upsized from previously announced $1B.
Restaurant Brands shareholders elect all 10 directors, reject all five shareholder proposals
All ten director nominees elected with majority support; vote counts ranged from 367M to 395M for.
RBI completes $1.0B Carrols acquisition, upsizes term loan to $5.9B
Acquisition of Carrols closed May 16, 2024; all-cash $9.55/share, total enterprise value ~$1.0B.
RBI Q1 2024: comp sales +4.6%, system-wide sales +8.1%; adj. EPS $0.73
Consolidated comparable sales increased 4.6% and system-wide sales grew 8.1% YoY to $10.5B.
RBI appoints Sami Siddiqui as CFO; Matthew Dunnigan departs with $685K severance
Matthew Dunnigan's employment terminated effective March 14, 2024; separation agreement finalized April 9, 2024.
Sami Siddiqui succeeds Matt Dunnigan as CFO effective March 14, 2024; salary increased to $685,000.
RBI reports Q4 2023: system-wide sales +9.6%, adj. diluted EPS $0.75 (+4%)
Full-year 2023 system-wide sales grew 12.2% to $42.9B; Q4 comparable sales +5.8% led by Tim Hortons Canada +8.4% and BK US +6.3%.
RBI to acquire Carrols Restaurant Group for $1.0B enterprise value; $9.55/share cash
Acquisition price of $9.55 per share represents 23.1% premium to Carrols' 30-day VWAP as of Jan 12, 2024.
New segments: Tim Hortons, Burger King, Popeyes, Firehouse Subs (US & Canada) and International (all other markets).
Restaurant Brands International amends credit agreement and indentures to add new guarantors
Amendment No. 8 joins New Holdings and Intermediate Holdings as Parent Guarantors under the Credit Agreement.
RBI Q3 net income $364M vs $530M YoY; adjusted EPS $0.90 down 5.6%
Net income $364M ($0.79 diluted EPS) vs $530M ($1.17) prior year; adjusted diluted EPS $0.90 vs $0.96.
Restaurant Brands amends credit facilities: revolver to $1.25B, maturities extended
Revolving credit facility increased from $1.0B to $1.25B, maturity extended to September 21, 2028.
Restaurant Brands posts international business overview presentation on website
Company posted a presentation covering its international businesses in the Investor Relations section of its website.
3G Capital affiliate to sell up to 7.1M QSR shares at $68.75 in secondary offering
HL1 17 LP, an affiliate of 3G Capital, is selling up to 7,136,149 common shares at $68.75 each.
RBI Q2 2023: system-wide sales +14%, global comps +10%, adj EPS $0.85
Consolidated comparable sales +9.6%; system-wide sales $10.9B, +14% YoY.
RBI shareholders elect directors, approve 2023 incentive plan; reject four ESG-related proposals
All 10 director nominees elected; Alexandre Behring received lowest support with 347M for, 41M against.
RBI Q1 2023: comparable sales +10.3%, adjusted EPS $0.75 (+22% organic)
Consolidated comparable sales +10.3% YoY; BK US +9%, BK International +12%, TH Canada +16%, PLK +5.6%.
3G Capital affiliate sells 2.2M QSR shares at $63.99 in secondary offering
Selling shareholder HL1 17 LP (3G affiliate) to sell 2,213,851 common shares at $63.99 each.
Joshua Kobza appointed CEO of Restaurant Brands International, effective March 1, 2023
José Cil steps down as CEO, transitions to one-year advisor role with $200,000 salary.
Full-year 2022 system-wide sales growth of 13.4%; net restaurant growth 4.3% to 30,722 units.
Neil Golden and John Prato resigned from the Board effective Dec 31, 2022; no disagreement with RBI.
RBI appoints former Domino's CEO Patrick Doyle as Executive Chairman to accelerate growth
Doyle appointed Executive Chairman effective Nov 16, 2022; will purchase 500,000 RBI shares (~$30M) in private placement, held for 5 years.
RBI Q3 2022: comparable sales +9%, net income $530M, adjusted EPS $0.96
Consolidated system-wide sales up 14%; comparable sales accelerated to 9% YoY.
RBI Q2 global system-wide sales up 14% to $10.1B; consolidated comparable sales +9%
Global system-wide sales grew 14% to over $10B; consolidated comparable sales accelerated to 9%.
Restaurant Brands shareholders elect all 12 directors, approve say-on-pay, reject labor proposal
Elected all 12 director nominees; each received >356M votes for vs <28M withheld.
RBI Q1 2022: global comp sales +8%, revenue $1.45B, adjusted EPS $0.64
System-wide sales grew 14% YoY to $9.0B; comparable sales +8% driven by Tim Hortons Canada (+10%) and BK International (+20%).
RBI reports Q4 system-wide sales growth 14%; FY adjusted EPS $2.82
Q4 system-wide sales growth 14% YoY; comparable sales up 10.3% at Tim Hortons Canada, 11.3% at Burger King US.
RBI discloses Q1-Q4 2021 Firehouse Subs metrics showing strong comparable sales growth
Global system-wide sales for 2021 totaled ~$1.1B, with US comprising ~$1.04B.
RBI Board: Carlos Sicupira resigns; Thecla Sweeney appointed independent director
Carlos Sicupira resigns from RBI Board effective Dec 31, 2021 after over a decade of service.
RBI completes $1.0B acquisition of Firehouse Subs; amends credit facility
Acquired Firehouse Subs for $1.0B, adding it to brand portfolio of Tim Hortons, Burger King, Popeyes.
The final terms of Mr. Dunnigan’s separation from the Company and termination of his employment have been agreed as April 9, 2024.
the Board has appointed Sami Siddiqui to succeed Matthew Dunnigan as Chief Financial Officer of the Company.
the Board has appointed Sami Siddiqui to succeed Matthew Dunnigan as Chief Financial Officer of the Company
Mr. Shear will transition to serving as an advisor to the International business segment through March 1, 2025.
the Board has appointed Sami Siddiqui to succeed Matthew Dunnigan as Chief Financial Officer of the Company
The Company has also entered into a separation agreement with Mr. Shear pursuant to which Mr. Shear will separate from the company effective March 1, 2025
the Board of Directors (the “Board”) has appointed Joshua Kobza to succeed José E. Cil as Chief Executive Officer of the Company, effective March 1, 2023
Mr. Cil will transition to become an advisor for a period of one year, commencing as of such date.
Effective January 2, 2023, the Board, on recommendation of the Nominating and Corporate Governance Committee (the “NCG Committee”), 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.
On December 31, 2022, Restaurant Brands International Inc. (“RBI”), 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 December 31, 2022, Restaurant Brands International Inc. (“RBI”), 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.
Effective January 2, 2023, the Board, on recommendation of the Nominating and Corporate Governance Committee (the “NCG Committee”), 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.
Max materiality 0.85 · Median 0.68 · Most common event earnings