Highest-materiality recent filing
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 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 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.
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 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.
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.
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.
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 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%.
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.
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%.
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 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