RSTRF
Restaurant Brands International Limited Partnership72.45
+0.00+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
24.31BP/E (TTM)
27.34Basic EPS (TTM)
2.65Dividend Yield
0.03%Recent Filings
10-K
FY2025 results
Restaurant Brands International delivered $46.8B in FY2025 system-wide sales, up 5.3% y/y (constant currency), with 33,041 restaurants reflecting 2.9% net growth. Q4 momentum shone through INTL's 10.7% sales surge and FHS's 8.6% gain, while BK U.S./Canada comps hit 1.6% amid Carrols integration. Adjusted operating income climbed $182M to $2.58B, fueled by franchisor gains yet pressured by $209M FX losses. Debt stands at $13.4B with $1.2B revolver capacity; $400M capex eyed for 2026. Q4 accelerated remodels. Carrols BK unit goodwill teeters near impairment.
8-K
Q4 sales up 5.8%, hits targets
Restaurant Brands International reported Q4 system-wide sales up 5.8% to $12.1B and full-year growth of 5.3% to $46.8B, with comparable sales rising 3.1% in Q4—led by INTL's 6.1%—yet PLK dipped 4.8%. Organic Adjusted Operating Income grew 8.3% annually, hitting targets while returning ~$1.1B to shareholders and trimming net leverage to 4.2x. Q1 2026 dividend set at $0.65/share.
8-K
3G affiliate sells 17.6M shares
RBI entered an underwriting agreement on November 13, 2025, for a 3G Capital affiliate to sell up to 17,626,570 common shares via exchange of partnership units, priced at $68.72 each. Offering closes November 17; exchange and forward settlement by December 3. RBI receives no proceeds. Total shares unchanged.
8-K
RBI JV for Burger King China
RBI struck a JV deal with CPE for Burger King China, where CPE invests $350 million for 83% ownership while RBI keeps 17% and a board seat—no cash to RBI. Closing eyed for Q1 2026, it triggers a $150 million non-cash impairment but secures a 20-year exclusive development pact targeting 4,000+ restaurants by 2035. Growth accelerates, yet China risks loom.
8-K
Q3 sales up 6.9%, comps 4.0%
Restaurant Brands International posted Q3 system-wide sales up 6.9% to $12.3B, with comparable sales accelerating to 4.0%—fueled by 12.1% international growth and Tim Hortons strength. Organic Adjusted Operating Income rose 8.8%, keeping full-year 8%+ target intact. RH margins squeezed by beef costs. Dividend set at $0.62 per share.
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